XRP Ledger adds new controls for banks, stablecoins and tokenized funds
The feature lets businesses give separate accounts limited powers such as approving customers or making payments, while keeping the keys that control their main holdings offline.
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Summary
- The XRP Ledger activated PermissionDelegationV1_1 on Oct. 8, allowing account owners to authorize other accounts to perform specific tasks without sharing their primary keys.
- The feature lets businesses enforce divisions between functions such as payments and compliance, though each delegated account is limited by action type rather than a spending cap.
- Users are advised not to delegate the PaymentBurn permission until a separate fix activates because a flaw could allow helpers to create issued tokens instead of only destroying them.
