Which parts of the XRP institutional stack are live today, and which are still waiting?

The full answer

“Live” on this page means a product or ledger feature that anyone eligible can use today, backed by a dated filing, exchange notice, release or ledger record. “Waiting” means the code or the approval exists but the thing is not switched on. The labels say nothing about scale; the last section covers that.

Which parts are live, and when was each last confirmed?

What has changed a label so far?

The permissioned exchange moved from waiting to live. Crypto Briefing reported on February 18, 2026 that the ledger “has activated XLS-81,” built on Permissioned Domains, which went live earlier that month.[15] Multi-Purpose Tokens went live on October 1, 2025, according to Cryptopolitan’s report citing Ripple developers.[16]

Lending has moved closer without changing label. Blockworks counted 9 validator votes for XLS-65 and 8 for XLS-66 in late July 2026, “compared with the 29 votes required.”[18] crypto.news reported 16 and 13 on September 17.[20] xrpldashboard showed 19 and 15 at 19:47 UTC on September 29.[14] The trackers differ, but taken together they show support roughly doubling in two months and still sitting well short of activation. Whether lending is on is tracked on the page asking whether native lending is live on the XRP Ledger.

What do “protocol standards designed but not universally deployed” refer to?

On this page the phrase means XRP Ledger standards whose code exists in released server software but which validators have not switched on. At 19:47 UTC on September 29, 2026 xrpldashboard listed ten amendments in voting but short of a majority. The list included SingleAssetVault, LendingProtocol, LendingProtocolV1_1, ConfidentialTransfer and DynamicMPT.[14] The newest lending change, LendingProtocolV1_1, shipped in xrpld 3.4.0 on September 16, 2026. It “extends Single Asset Vaults and the Lending Protocol with closed-ended vaults and cash-basis accounting.”[21] It had 1 vote of 35.[14]

Some standards are live but narrow in reach. XRPL.org says trades in a permissioned DEX can use auto-bridging only “as long as the necessary orders all exist in the same permissioned DEX.”[26] A feature can be enabled and still not reach every market. Whether each remaining gap is about inventing, switching on or funding is the subject of the page on what is actually holding XRP adoption back, and the likely order of the next steps is on the page about what has to happen, in order, for XRP credit to scale.

Does “live” mean much XRP is being used?

No. That gap is the main counterweight to the table above. Blockworks, in a report Ripple commissioned, put XRP Ledger payment volume at 41.07 billion XRP in the second quarter of 2026, “down 26.6% QoQ and 4.3% YoY,” though its summary calls the yearly change “nearly unchanged.”[18] On Ripple Prime, crypto.news concluded on July 8, 2026 that the part of its $3 trillion clearing that becomes XRP demand is “small enough that no serious estimate puts a meaningful number on it.”[25]

Tokenized assets show the same pattern. In a 19:29 UTC capture on September 29, 2026, RWA.xyz listed $498.71 million of distributed assets on the XRP Ledger against $4.10 billion of represented assets.[24] Blockworks describes distributed assets as those transferable “outside their issuing platforms and between wallets.”[18] The live pieces are in place, and the capital moving through them is still modest. How to measure that use is covered on the page about measuring how much XRP is actually used, and the holdings side on the page about how much XRP institutions hold and put to work. The same build-out is laid out quarter by quarter on the page about what happened in the XRP ecosystem in each quarter of 2026.