XRP Ledger's permission-delegation feature goes live

The XRP Ledger activated PermissionDelegationV1_1 on Oct. 8, letting account owners authorize separate accounts to perform specific tasks — such as approving customers or making payments — without handing over the keys that control their main holdings. Banks, stablecoin issuers and tokenized-fund operators can now enforce divisions between payment and compliance duties directly on the ledger, per CoinDesk.

• Each helper account can hold up to 10 permissions, limited by action type rather than a spending cap; owners can change or withdraw grants at any time.
• Activation required more than two weeks of support from at least 80% of trusted validators (29 of 35); an earlier countdown reset in September when support slipped.
• Official guidance warns against delegating PaymentBurn until a separate fix activates, since a flaw could let helpers create issued tokens instead of only destroying them.
• Developers are also reviewing a bug in which some servers drop validators from their vote count after routine security-key changes, skewing support tallies.

The ledger held about $4.26 billion in tokenized assets and Ripple's RLUSD stablecoin on average during Q2.