Ripple’s new Permissioned DEX on XRPL limits trading access to allowlisted, regulation-compliant participants only.
Each permissioned DEX ties to a unique domain, restricting trades within that specific approved group.
Ripple has rolled out a new Permissioned Decentralized Exchange (DEX) on the XRP Ledger, announced publicly on June 25. The company described the development as,
It’s a critical milestone in making decentralized finance truly accessible to traditional institutions.
The new permissioned system enables trading between regulated players under strict control, without affecting decentralization or increasing operating costs. This version of DEX offers regulated firms a way to access decentralized trading infrastructure while staying within compliance rules. The press release described,
Permissioned DEX enables regulated institutions to trade or move value on the XRPL Decentralized Exchange (DEX) without compromising on compliance, scalability, or decentralization.
Yoshitaka Kitao, CEO of SBI Group, reacted to the development on social media, stating: “Introducing Permissioned DEX on the XRP Ledger: Unlocking Institutional Access to DeFi.” The post highlights the effort to bridge traditional finance with on-chain platforms.
Introducing Permissioned DEX on the XRP Ledger: Unlocking Institutional Access to DeFi
— 北尾吉孝 (@yoshitaka_kitao) June 26, 2025
Institutions Gain Compliance Access Through Permissioned XRPL DEX
Ripple’s implementation enables developers to create permissioned order books—only available to allowlisted accounts—through a framework known as a Permissioned Domain. That model restricts access to trades within specified groups of approved participants.
Each permissioned DEX on the XRP Ledger functions independently, linked to its own permissioned domain. This structure allows the use of stablecoins, XRP, and other cryptocurrencies while maintaining access restrictions. Multiple such exchanges can run simultaneously under the XRPL, each handling unlimited crypto pairs for internal trading.
Ripple stated this step was needed to solve a long-standing problem: how to introduce institutional compliance without reducing decentralization or disrupting user control. The design meets this demand, allowing traditional financial institutions to interact on-chain in a compliant, low-cost setting.
Institutional Use Cases Grow with XRPL DEX
With the new system in place, institutions are now able to conduct regulated transactions through the XRPL DEX. This includes trading between crypto, fiat, and stablecoins without depending on third-party intermediaries. The cost-effectiveness and scalability of the solution offer strong appeal for corporate players.
The use cases go beyond trading. Businesses can manage payroll across borders by converting stablecoins into local currencies using the DEX, eliminating reliance on traditional banking corridors. FX swaps also become easier for fintechs managing liquidity flows—converting USD into on-chain stablecoins and sending funds internationally for conversion on arrival.
Corporate treasury operations also stand to benefit. Enterprises can manage their capital more precisely by using the platform to switch between crypto, fiat, and stablecoins across branches in various regions.
This new launch widens the XRPL’s appeal to regulated sectors without altering its original framework. Ripple indicated that all features introduced maintain the same decentralization and resilience.
