Revolutionary Ripple Feature: The DEX You Didn’t Know You Needed!

by

In a recent tweet, the esteemed RippleX engineer, Antonio Kaplan-who clearly has far too much time on his hands-decided to enlighten us all on the two essential ingredients for cooking up regulated payments and FX on-chain: compliance and deep liquidity. Sounds like the start of a cryptographic recipe, doesn’t it?

Kaplan, who might just be the most popular person since sliced bread in crypto circles, noted that the eagerly awaited XRP ledger feature, the Permissioned DEX, is set to burst onto the mainnet stage in a mere six days. This shiny new toy is expected to sprinkle some compliance fairy dust and deep liquidity into the XRPL without scattering capital into the dark corners of private systems, much like breadcrumbs leading away from a hungry breadcrumb-loving duck.

If you fancy regulated payments and FX on-chain, here’s a tip: you need two things – Compliance & Deep Liquidity!

The Permissioned DEX delivers both to XRPL without fragmenting capital across private systems.

Shared institutional liquidity!
Instant local payouts!
Protocol-level policy control!

This is a…

HOT Stories
Ripple’s CTO Emeritus Calls Bitcoin ‘Technological Dead End’ – now that’s a headline that’ll make you sit up and take notice!
Crypto Market Review: Bitcoin (BTC) vs. Gold, The Ultimate Showdown! Meanwhile, XRP Hits Price Ceiling, and Dogecoin (DOGE) starts its journey to recovery this month. Who knew cryptocurrencies had such dramatic lives?

– Antonio Kaplan (@antoniokaplan) February 11, 2026

In a blog post, which may or may not have been written while sipping herbal tea, Kaplan elaborated that crafting an on-chain FX and settlement network with shared institutional liquidity and instant local payouts depends on a few core building blocks working together harmoniously. Think of it as assembling a jigsaw puzzle, but one where the pieces occasionally argue about their roles.

There are three key building blocks in this mystical realm: first, Credentials (XLS-70), which are akin to digital passports, providing verifiable proof of identity or compliance handed out by trusted authorities. Because who doesn’t love a good passport?

Next, we have Permissioned Domains (XLS-80), which resemble the visa process-because anyone can tell you how much fun that is-and finally, the Permissioned DEXes (XLS-81), which are basically the transportation network, helping your assets travel from one place to another without any border patrol hassles.

Permissioned DEXes

The Permissioned DEX feature, which sounds like it was named during a particularly inspired game of Scrabble, introduces a permissioned DEX system for the XRP Ledger. This amendment integrates permissioning features directly into the DEX protocol, allowing those fussy regulated financial institutions to join the XRPL DEX party while still following their compliance rules-like bringing a designated driver to a wild night out.

As for the open DEX, never fear! Kaplan reassured us that it isn’t going anywhere-much like that one relative who shows up every holiday uninvited. It will continue to function as it does today, enabling anyone with an inclination to place and fill offers. The Permissioned DEX will simply build alongside it, giving developers and institutions the option to create permissioned order books tied to verified credentials. Think of it as a VIP section in a nightclub where everyone has a ticket.

Kaplan concluded with a flourish, stating that this remains the key to unlocking real-world financial flows, given that most regulated institutions prefer to play in the sandbox only if all their friends have verified names. By allowing credential-gated liquidity on the same ledger as open markets, the XRP Ledger is poised to become the go-to option for those serious about institutional-grade payments, FX, and settlements-because nothing says “trust me” like a well-verified ledger.

Read More

2026-02-12 18:08