Ripple developers propose draft XRPL token metadata standard to enhance discoverability and interoperability

According to CoinDesk, RippleX developers have proposed a metadata standard draft XLS-0089d for the Multi Purpose Token (MPT) on XRP Ledger (XRPL). The proposal aims to enhance the discoverability and interoperability of multi-purpose tokens in wallets and blockchain browsers by standardizing basic information fields such as token names, codes, and issuers. The plan adopts the principle of voluntary participation, retains the flexibility of 1024 byte metadata fields, and suggests adding structured data such as asset categories (such as RWA, DeFi, etc.) and icon links. Developers emphasize that the standard is fully backward compatible, and any tokens that have not been adopted can still circulate normally. Analysis suggests that if widely adopted, it will significantly improve the integration experience of cross chain bridging and institutional level wallets.