XRP Ledger Introduces MPT Standard: A New Approach to Institutional Tokenization

The XRP Ledger has rolled out its Multi-Purpose Token (MPT) standard, aiming to streamline the issuance of real-world assets like bonds and shares for institutions. This new approach directly integrates compliance features into the ledger’s protocol rather than relying on separate smart contracts as is common in Ethereum. Ripple hopes this will simplify tokenization for financial players while addressing regulatory hurdles that have hampered blockchain adoption in traditional finance.