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XLS-85 Amendment Activates on XRP Ledger – Enabling Escrows for Issued Tokens

Community validator Vet confirms the deployment, allowing users to apply time-locked conditional transfers to non-XRP assets.

XRP

Summary

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Terms & Concepts
  • Escrow: A smart contract feature on the blockchain that locks funds until specific time or cryptographic conditions are met.
  • Issued Tokens: Custom digital assets created on the XRP Ledger, such as stablecoins or wrapped assets, distinct from the native XRP coin.
  • XLS-85: A specific protocol amendment proposal for the XRP Ledger designed to extend native escrow capabilities to support tokens other than XRP.