coindesk.com
RippleX developers proposed a draft standard designed to structure metadata for multipurpose tokens (MPTs) on the XRP Ledger (XRPL) in a move that could improve discoverability and interoperability of tokens across wallets, indexers and block explorers.
The Github proposal known as XLS-0089d outlines a minimally standardized schema for the 1024-byte metadata field attached to each multipurpose token, allowing on-ledger access to basic information such as the token's name, ticker, issuer, category and icon, while supporting deeper off-ledger details through external uniform resource identifiers (URIs).
The goal is to balance flexibility with machine-readability without locking developers into rigid schemas.
“The goal is not to restrict expressiveness, but to define a baseline set of fields that support reliable parsing and integration across services like block explorers, indexers, wallets, and cross-chain application,” the proposal reads. “These common fields will make it easier to surface and compare MPTs, enabling better user experiences and broader ecosystem support.”
The base schema includes required fields including:
- ticker: uppercase alphanumerics, max 6 chars
- name, desc: UTF-8 string for display and short description
- icon: HTTPS link to token icon
- asset_class: top-level category: e.g. real-world asset (RWA), memes, gaming, wrapped, defi
- issuer_name: name of issuing entity
Optional fields like asset_subclass, URLs and additional_info allow more context, including structured data for RWAs such as interest rates, maturity dates or issuer type.
The asset class/asset subclass taxonomy is particularly notable. For real-world assets, token issuers are encouraged to specify subclasses, such as stablecoin, private credit, real estate, equity and treasury, which helps indexers differentiate between asset-backed instruments.
XLS-0089d is backward-compatible and opt-in. Token issuers can choose whether to adopt it, and those that don’t will still function normally on the XRP Ledger.
Indexers, wallets and apps that adopt the standard will just ignore or fail gracefully if a token lacks the expected fields, rather than crashing or misbehaving.
Tokens that do adopt it will gain improved visibility and interoperability across XRPL-based tools and services, but there’s no enforcement or penalty for non-compliance.
While adoption remains voluntary, MPTs that follow this schema are expected to be more easily indexed and integrated, especially in future tooling across cross-chain bridges, on-chain analytics platforms and institutional-grade wallets.
XRP was trading recently above $3, up more than 6% in the past 24 hours.