Ripple plans to launch a new token standard MPT on the XRP Ledger this month.

Ripple is set to launch a new token standard, "MPT," on the $XRP Ledger this month, aiming to enhance its support for real-world assets (RWA). Jasmine Cooper, Ripple's DeFi product lead, explained that MPT is specifically designed for RWAs and can store metadata directly alongside the assets. This integration enhances the scalability and flexibility of XRPL, making it more suitable for institutional use cases and lowering the entry barriers for these organizations.