XRP Ledger activates members-only DEX feature for institutions

The XRP Ledger has activated a members-only decentralized exchange (DEX) feature designed for regulated institutions. According to CoinDesk, the trading mechanism is similar to the XRPL's existing DEX but allows for the creation of a restricted trading environment where participation is limited by compliance requirements such as KYC and AML. This effectively creates a members-only marketplace. The feature is aimed at banks, securities firms, and other companies that want on-chain settlement and liquidity but cannot interact with fully open DeFi markets.