XRP Ledger Launches Enhanced Permission Controls for Institutional Use
The XRP Ledger has activated a new feature allowing institutions to delegate account permissions while keeping primary keys offline.
The XRP Ledger has activated a new feature allowing institutions to delegate account permissions while keeping primary keys offline. XRP (XRP) is trading at $1.39. This is an original TLT brief synthesising 2 outlets (CoinDesk, CoinCodex), plus live market data, as of Sun, 11 Oct 2026 11:15:04 UTC.
This development enhances the security and operational flexibility for financial institutions using XRP Ledger, making it more viable for managing stablecoins, tokenized assets, and banking services while reducing key management risks.
- XRP Ledger's PermissionDelegationV1_1 amendment went live on October 8.
- New feature lets institutions delegate account permissions while keeping main keys offline.
- XRP market cap stands at $87.86B despite a 24-hour price drop of 0.99%.
CoinDesk, Unchained, and CoinCodex all report that the XRP Ledger has launched a new permission delegation feature called PermissionDelegationV1_1, which went live on October 8. The feature allows institutions to delegate specific account permissions, such as approving customers or making payments, while keeping the primary keys that control their main holdings offline. However, Unchained notes that there is an official advisory against delegating certain permissions until a separate fix is implemented, while CoinCodex highlights that developers are currently addressing a token-burning bug related to the new feature.
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XRP Ledger has introduced a new feature called PermissionDelegationV1_1, which allows businesses and financial institutions to delegate specific account permissions while keeping their primary keys offline. This development, which went live on October 8, is designed to enhance the security and operational efficiency of managing digital assets on the XRP Ledger.
The new feature is particularly relevant for institutions dealing with stablecoins, tokenized funds, and banking services. It enables them to assign limited permissions, such as the ability to approve customers or initiate payments, to separate accounts or employees without compromising the security of their main holdings. This is achieved by keeping the keys that control these primary assets in cold storage, away from potential online threats.
Multiple outlets, including CoinDesk, Unchained, and CoinCodex, corroborate the activation of the PermissionDelegationV1_1 amendment. However, there are some differences in the details reported. Unchained mentions an official advisory that recommends not delegating certain permissions until a separate fix is in place, while CoinCodex highlights that developers are currently addressing a token-burning bug related to the new feature.
The XRP Ledger has been positioning itself as a platform for institutional use, and this new feature is a significant step in that direction. It addresses some of the key concerns that institutions have about digital asset management, such as security and operational risk. By allowing for more granular control over account permissions, the XRP Ledger is making itself more attractive to banks and other financial institutions.
In the current market context, with the total crypto market cap at $2.87T and 
Bitcoin trading flat, XRP is experiencing a slight price decline of 0.99% over the past 24 hours, bringing its price to $1.39. Despite this, XRP's market cap remains substantial at $87.86B. The Fear & Greed Index stands at 61, indicating a state of 'Greed' in the market.
Since this brief published about 2 days ago, XRP (XRP) has moved from $1.39 to $1.39 — +0.00%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Over the past 12 months, XRP (XRP) closed within 2.5% of today's $1.39 on 76 separate days. Here is what the price did afterwards on those days — a historical base rate, not a forecast:
Computed by TLT from 12 months of daily closing prices. A base rate describes the past distribution of outcomes from similar price levels — it does not predict the future and ignores the specific news in this story. Crypto is volatile and past performance is not indicative of future results. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₦1,895.42 (about $1.39), down 1.0% over 24 hours. The naira itself trades about 2.5% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 11, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
XRP Ledger Launches Enhanced Permission Controls for Institu — questions & answers
What is the new feature in the XRP Ledger?
The new feature is called PermissionDelegationV1_1, which allows institutions to delegate account permissions while keeping main keys offline.
When did the XRP Ledger's new feature go live?
The PermissionDelegationV1_1 amendment went live on October 8.
Why is the new feature important for institutions?
It enhances security by allowing delegation of limited permissions without exposing main keys, making XRP Ledger more viable for institutional use.
How much is 1 XRP worth in naira today?
About ₦1,895.42 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.39. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from CoinDesk, CoinCodex, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.