XRPL proposes XLS-68: institutions to cover reserve and fee costs
- —XLS-68 lets an institution pay the account reserve (1 XRP) and fees instead of the user
- —Sponsoring 1 million accounts would require about 1 million XRP for base reserves alone
- —The amendment is supported by 6 validators; activation requires over 80% of votes for 2 weeks
- —The user retains control over the account and private keys
Why it matters: The scheme could lower the entry barrier for institutions and tokenized assets on XRPL, but may shift XRP holdings from private wallets to organizational balances.
Source: TokenPost