XRP Ledger Upgrade Opens Doors to Institutional Tokenization

The XRP Ledger is set to receive an upgrade that could make it easier for banks and institutions to use the network. The proposed change would allow platforms or banks to pay transaction fees on behalf of users, eliminating the need for every user to own XRP.

This shift aims to reduce barriers for new users and facilitate institutional tokenization by enabling account holders to interact with the network without purchasing XRP.

While this could potentially lower demand from everyday users, platforms that onboard many accounts might require more XRP overall. Validators must approve the upgrade with 80% support for two weeks before it activates, with the release expected soon.