XRPL Multi-Purpose Tokens (MPTs)
Multi-Purpose Tokens (MPTs) are the XRP Ledger’s second kind of token, live since 1 October 2025. Their rules sit in one place, set by the issuer: a supply cap, a transfer fee, up to 1,024 bytes of data, and controls such as lock and clawback. 321 have been issued so far, and the most widely held has 37 holders. They cannot be traded on the ledger’s exchange yet.
How an MPT is built
A trust-line token is a balance between two accounts, the holder and the issuer, with the token’s rules spread across the issuer’s account. An MPT puts the rules in one ledger object, the issuance, and gives each holder a small entry of their own (xrpl.org):
- OutstandingAmount · how many units exist
- MaximumAmount · an optional cap the issuer can never pass
- AssetScale · where the decimal point goes when shown
- MPTokenMetadata · up to 1,024 bytes about the asset
- TransferFee · up to 50% on transfers between holders
MPTs and trust-line tokens
| Trust-line tokens | MPTs | |
|---|---|---|
| How a holder accepts it | A trust line to the issuer | An MPToken entry, created with MPTokenAuthorize |
| Amounts | Decimals, about 15 significant digits | Whole units, with a scale for display |
| Data about the asset | None on the ledger; the issuer’s website | Up to 1,024 bytes on the issuance |
| Transfer fee | Up to 100% | Up to 50% |
| Supply cap | None: the issuer can always issue more | Optional MaximumAmount |
| Issuer controls | Freeze, require authorization, clawback | Lock, require authorization, clawback, allow or block transfers |
| Trading on the DEX and in pools | Yes | Not yet: needs the MPTokensV2 amendment |
| Reserve per holder | 0.2 XRP for the trust line | 0.2 XRP for the MPToken entry |
Why they cannot trade yet
MPTs arrived with the MPTokensV1 amendment, switched on in ledger 99,226,369 (14853FF2…). It covers issuing, holding and paying. Putting an MPT on the order book or in an AMM pool needs a second amendment, MPTokensV2, which the XRP Ledger’s server software does not yet offer for a vote. Until it does, an MPT moves only by payment between holders, if its issuer allows that.
That is why MPTs so far are held by few accounts: there is no market to buy one on. An issuer that wants its token traded today issues a trust-line token instead.
The most widely held MPTs
SIVAX-VAULT-V137 holders
Liquidez OTC tBRL 614 holders
Kladia Liquidity Deflator8 holders
Crema8 holders
Keystone Protocol Token5 holders
THE Y PASS5 holders
XRPDEV.net4 holders
Contro XRP+3 holders
Every MPT on the XRP Ledger, by number of holders, on 2026-10-18. A name is whatever its issuer put in the metadata: check the issuer before trusting it.
Issuing one
- MPTokenIssuanceCreate sets the cap, scale, fee, metadata and flags. Most cannot be changed later.
- MPTokenAuthorize, sent by each holder, creates their entry; with RequireAuth the issuer approves each one with the same transaction.
- Payment sends units, from the issuer or, if CanTransfer is set, between holders.
- MPTokenIssuanceSet locks or unlocks holders; Clawback takes units back; MPTokenIssuanceDestroy removes an issuance with nothing outstanding.
Every field is documented on xrpl.org. Credentials can gate who may hold one: XRP Ledger credentials.
Questions
- What is an MPT on the XRP Ledger?
- A Multi-Purpose Token: a fungible token whose rules sit in one issuance object (supply cap, transfer fee, metadata and the issuer’s controls), with each holder keeping a small balance entry. They have been live since 1 October 2025.
- Can MPTs be traded on the XRP Ledger DEX?
- Not yet. Trading MPTs on the order book and in AMM pools needs a further amendment, MPTokensV2, which is still in development.
- Are MPTs better than trust-line tokens?
- They suit assets that need a supply cap, built-in data or tight issuer controls, such as tokenized securities. Trust-line tokens can trade on the DEX today, which MPTs cannot.