XRP Ledger Activates Token Escrow: Here’s What XLS-85 Unlocks
The XRP Ledger has activated the Token Escrow (XLS-85) amendment on its mainnet, extending its native escrow functionality beyond XRP to include Trustline-based tokens (IOUs) and Multi-Purpose Tokens (MPTs). This enables secure, conditional, on-chain settlements for assets like stablecoins and real-world assets. The feature requires specific issuer flags for tokens to be escrowed and includes authorization rules for secure transactions. It supports time-based, conditional, and combination escrows, though it involves transaction fees and requires an expiration time for token escrows. Use cases include vesting, conditional payments, treasury workflows, and tokenized rights, providing a native "lock until X" mechanism without relying on third-party custodians.
bitcoinist02/13 14:02
