XRP Ledger adds new controls for banks, stablecoins and tokenized funds
Reported by CoinDesk · AI-assisted summary by ChikoCorp AI News Desk
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Summary
On October 8, 2026, the XRP Ledger activated PermissionDelegationV1_1, a feature that allows account owners to delegate specific permissions to other accounts without sharing primary keys. This enables businesses, such as banks and stablecoin issuers, to separate tasks like payments and compliance with enforceable controls on the ledger. However, users are advised not to delegate the PaymentBurn permission until a fix for a current flaw is implemented, as this could allow token creation instead of only destruction.
Why it matters
The update lets businesses divide authority by task while minimizing risk exposure, since helpers operate with limited permissions under their own keys without full account control. This is important for institutions that need keys available online but want to limit potential damage from hacks. The source highlights that this development supports enforcing internal divisions like those between payment and compliance roles directly on the blockchain.
Key context
The activation required over 80% support from the 35 trusted validators on the network. Delegation had a previous countdown reset due to dropping below this support threshold. The feature provides up to 10 granular permissions per helper account, restricting action types rather than setting spending caps. A bug in how some XRP Ledger servers count validators during votes also affects upgrade measurements, with a proposed patch under review. The PaymentBurn permission flaw concerns tokens issued on the ledger but not newly minted XRP.
Key numbers and entities
The XRP Ledger network held approximately $3.72 billion in tokenized assets and $539 million in Ripple’s RLUSD stablecoin during Q2 2026, totaling around $4.26 billion. There are currently 35 trusted validators controlling upgrade activations. The PaymentBurn fix had 27 of 35 validator votes as of the report and requires 29 to begin a two-week acceptance period.
What remains unclear
The timeline for when the PaymentBurn fix will activate and remove the warning is not established. Details on how the 10 permissions are specifically structured and enforced per helper account are limited. The source does not provide explicit information on the rollout plan for businesses to adopt this feature or user adoption levels so far.