XLS-65 enables integration of single-asset vaults on the XRP Ledger, allowing users to pool XRP, IOU, or MPT and obtain proportional shares of MPT.
XRPL Commons backed the amendment after 257 Devnet tests, which covered exchange logic, access controls, and asset safeguards.
The XRP Ledger has launched a new DeFi feature through the XLS-65 amendment. The proposal introduces new native single-asset vaults that let multiple users pool a single asset into a shared on-chain structure. The model works at the protocol level, so it does not depend on smart contracts or external bridges.
Under XLS-65, a vault can only hold one asset type. That asset can be XRP, an IOU, or a Multi-Purpose Token (MPT). When users deposit funds, the ledger assigns them proportional shares, which are issued as MPT tokens and represent a user’s ownership in the vault. When a holder returns the shares, they can withdraw the matching portion of the underlying asset.
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— XRPL Commons (@xr
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