RippleX developers have introduced a new draft metadata standard for multipurpose tokens (MPTs) on the XRP Ledger, known as XLS-0089d, aimed at improving discoverability, interoperability, and ecosystem support.
This optional framework seeks to streamline how tokens are identified and categorized across wallets, indexers, and blockchain explorers without forcing compliance.
What Is XLS-0089d and Why It Matters
XLS-0089d defines a structured schema for token metadata on the XRP Ledger, enabling applications to better understand, classify, and present token-related information.
The metadata, stored in a 1024-byte field, allows issuers to include essential on-ledger details such as:
- Token name and ticker
- Issuer identity
- Asset class (e.g., DeFi, gaming, real-world assets)
- Icon URL
- Short description and optional external links
This structure creates a standardized foundation for tools to parse token information, making it easier for users and developers to interact with the ecosystem.
Backward-Compatible and Voluntary Adoption
One of the key features of XLS-0089d is that it’s entirely backward-compatible and opt-in. Tokens that do not adopt the standard will continue functioning normally on the XRP Ledger (XRPL).
Importantly, there are no penalties or technical restrictions for non-adoption. Apps that integrate the standard will simply ignore unrecognized metadata or fail safely, avoiding compatibility issues.
This ensures developers retain maximum flexibility while enabling improved integration for those choosing to adopt the schema.
Improved Visibility and Ecosystem Integration
By following XLS-0089d, token issuers can expect better indexing across block explorers, smoother performance in wallets, and easier integration with cross-chain platforms and analytical tools.
Tokens that implement structured metadata will likely gain a competitive advantage as they become more easily discoverable and compatible with future institutional-grade services.
The schema even encourages finer asset subclass definitions, especially for real-world assets like stablecoins, real estate, or private credit — improving transparency and regulatory alignment.
A Strategic Step Toward Broader Utility
As the XRPL ecosystem expands, XLS-0089d could become an important foundation for interoperability and standardization. While entirely voluntary, early adopters may benefit significantly from the improved visibility and ease of use across decentralized applications and bridges.
This proposal marks another step in XRPL’s mission to modernize digital asset infrastructure for real-world and blockchain-native assets alike.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.