Ripple’s developer arm, RippleX, is pushing to make the XRP Ledger’s newest asset class—Multi‑Purpose Tokens (MPTs)—easier to recognize, sort and integrate across the ecosystem. In a thread posted on X late Tuesday, the team announced a draft standard, XLS‑0089d, that would give every MPT a common set of on‑ledger metadata fields, from a ticker symbol and human‑readable name to a canonical icon URL and “asset_class” taxonomy.
RippleX’s own description is blunt: MPTs “lack structured fields like a currency code. Instead, they rely on a free‑form metadata field, which makes them harder to identify or display in UIs.”
The proposal, authored by Ripple engineers Shawn Xie, Greg Tsipenyuk, Shashwat Mittal, Julian Berridi and Dennis Dawson, lays out a “minimally standardized” JSON schema: “This document proposes a minimally standardized metadata format for MPTs… 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 applications.”
Adherence will be voluntary, but RippleX plans to use soft pressure: “SDKs (xrpl.js, xrpl‑py, xrpl4j) will display a warning if metadata is missing, so developers know their tokens may be harder to discover or integrate. Nothing will be blocked.”
In another tweet, the team underscored the payoff for early adopters: with the schema in place, “MPTs [become] searchable by ticker… rankable alongside IOUs… usable in explorers, DEX UIs, [and] wallets… [and] easier to parse.
”For token issuers, the proposal promises a clear path to visibility without forfeiting flexibility: the on‑ledger stub ensures a base level of trust and immutability, while richer data can live off‑chain and be updated if branding or compliance needs change. Wallet vendors, in turn, gain a predictable way to surface icons, tickers and risk labels; DEX interfaces can filter or sort order books by asset class; and indexers can rank MPTs against IOUs in liquidity tables or price feeds.
At press time, XRP traded at $3.1497.
