Yoshitaka Kitao, head of the SBI Group, recently took to Twitter to announce a significant advancement for the XRP Ledger: the launch of a Decentralized Exchange (DEX), but one that operates under permissioned conditions, on the XRP Public Ledger.
Introducing Permissioned DEX on the XRP Ledger: Unlocking Institutional Access to DeFi
— 北尾吉孝 (@yoshitaka_kitao) June 26, 2025
Here’s how the Permissioned DEX on XRPL works
This significant step is geared towards practical financial applications operating on the XRPL. As per a recent announcement by Ripple, the Permissioned DEX enables regulated financial entities to transact or transfer value within the XRPL Decentralized Exchange (DEX) without jeopardizing compliance, scalability, or decentralization. This launch follows Ripple’s earlier disclosure of its plan to facilitate DeFi access for financial institutions on the XRP Ledger, which they unveiled earlier this year.
A permissioned decentralized exchange (DEX) establishes a predetermined set of guidelines for verified users to connect their offers with a particular community, known as a Permissioned Domain. Essentially, this type of DEX enables app developers to create permissioned trading platforms for non-permissioned digital assets like XRP, stablecoins, or wrapped cryptocurrencies. Access to these order books will be granted exclusively through whitelisted accounts.
As an analyst, I can express it this way: On the XRP Ledger, multiple decentralized exchanges (DEXs) can be operated under a permissioned framework. Each DEX is specifically linked to a permissioned domain that serves as an approval list for accessing that particular DEX. Transactions on these permissioned DEXs are only valid against other trades within the same DEX. Notably, each platform on the XRPL has the capacity to host an infinite number of cryptocurrency pair order books.
This is next step for XRPL
Ripple contends that the introduction of this controlled digital exchange (DEX) represents a significant advancement for XRPL because it addresses the challenge of incorporating compliance into the DEX without compromising its principles of decentralization, cost effectiveness, or user autonomy. Notably, the recently launched controlled DEX permits only approved participants to engage in trading on this platform.
With the debut of this novel platform, financial institutions can immediately leverage the XRPL DEX, benefiting from its comprehensive compliance features. This move paves the way for a higher tier of institutional trading, characterized by regulation, scalability, and affordable transaction fees.
1. The following applications can be investigated on the latest XRPL-based dex: exchanging stablecoins or fiat currencies, making contractor/payroll disbursements, facilitating cross-border B2B transactions, and managing corporate treasury operations.
2. A variety of scenarios can be examined in the upgraded XRPL-powered dex, such as swapping stablecoins/fiat currencies, handling contractor/payroll payments, executing cross-border B2B transfers, and overseeing corporate treasury matters.
3. The following possibilities can be delved into on the upgraded XRPL-powered dex: swapping stablecoins or fiat currencies, managing contractor/payroll payments, handling cross-border B2B transactions, and administering corporate treasury functions.
4. Exploring the following applications is possible with the enhanced XRPL-based dex: exchanging stablecoins for fiat currencies, making payouts to contractors or payroll, executing cross-border B2B transfers, and managing corporate treasury activities.
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2025-06-26 10:39