XRPL Issued Asset
Token Type, Trustline Asset
XRPL Issued Asset refers to any custom digital token created and managed on the XRP Ledger (XRPL) by third-party issuers, rather than being the native XRP coin itself. These assetsÔÇösometimes called IOUsÔÇöcan represent stablecoins, utility tokens, digital dollars, silver, gold, or anything else, and are made possible via XRPL’s built-in trustline and issuer system. Users must establish trustlines to interact with specific assets, and each asset is linked to an issuing account’s address.
Use Case: A fintech company issues a USD-backed stablecoin on XRPL, allowing users to hold and transfer “USD” as an XRPL-issued asset, with all transactions settled on the ledger.
Key Concepts:
- Smart Contract Token ÔÇö XRPL-issued assets are programmable tokens managed by issuer accounts.
- Token Standard ÔÇö XRPL supports unique standards like IOU (issued currency) and XLS-20 (NFTs).
- Fungibility ÔÇö Most XRPL issued assets are fungible, though XLS-20 supports NFTs.
- Custom Minting ÔÇö Issuers control creation and supply of new assets.
Summary: XRPL issued assets unlock tokenization, stablecoins, and programmable value on the XRP Ledger. By enabling any entity to create digital representations of real-world or synthetic value, they expand the networkÔÇÖs utility far beyond native XRP.
| Aspect | XRPL Issued Asset | XRP (Native) |
|---|---|---|
| Origin | Created by any XRPL account (issuer) | Built into protocol |
| Fungibility | Usually fungible, sometimes NFT | Fungible |
| Transfer Method | Requires trustline to issuer | Direct wallet-to-wallet |
| Examples | $BAD, $KAG, USD IOUs, XLS-20 NFTs | XRP |
| Supply Control | Managed by issuer account | Protocol-defined and fixed |