XRP Ledger lets institutions share account duties without sharing their keys

The XRP Ledger (XRPL) now lets institutions delegate account tasks while retaining control of their primary signing keys. The PermissionDelegationV1_1 amendment went live on Oct. 8 at ledger 107,524,865. It lets account owners assign specific transaction permissions to other accounts. The upgrade mirrors the division of responsibilities in traditional finance. Treasury departments, compliance officers and asset managers can operate under different levels of authority. For example, a stablecoin issuer can let its compliance team approve counterparties while a separate account executes payments. Owners can modify or revoke delegated permissions without exposing their primary signing keys during routine operations.

Source: CryptoSlate