Ripple To Launch New Token Standard On XRP Ledger

According to Odaily, Ripple is set to introduce a new token standard, 'MPT,' on the XRP Ledger this month. The initiative aims to bolster support for real-world assets (RWA). Jasmine Cooper, Ripple's DeFi product lead, explained that MPT is specifically designed for RWA, allowing metadata to be stored directly with the assets. This integration enhances the scalability and flexibility of the XRP Ledger, making it more suitable for institutional use cases and lowering the entry barriers for these organizations.