The newly founded XRP Ledger Foundation (XRPLF) has officially denied rumors suggesting Ripple plans to abandon XRP as its primary token. The foundation clarified it has no immediate plans to invest in XRP Ledger (XRPL) development, reaffirming Ripple’s continued role as a key contributor.
Key Clarifications from XRPLF
On September 24, XRPLF spokesman Bharath Chari addressed the rumors in an interview with Forbes, stating:
"XRPLF sees Ripple in a continued role as a key developer on both the technical and business aspects of the XRPL. The foundation is solely focused on advancing the XRPL’s health and innovation."
Chari emphasized that the foundation has no ambitions to control Ripple’s non-circulating XRP supply, dispelling community speculation about centralized token management.
XRP’s Non-Circulating Supply
When asked if Ripple would transfer its non-circulating XRP to XRPLF for decentralization, Chari responded:
- No involvement: XRPLF is not concerned with non-circulating XRP allocations.
- Focus on XRPL: The foundation’s mandate is to support the ledger’s technical growth and adoption.
- Ripple’s commitment: Ripple remains dedicated to XRPL’s development, including resource allocation.
👉 Learn more about XRP’s tokenomics
Decentralization Efforts
XRPLF outlined collaborative steps with Ripple to further decentralize the XRP Ledger:
- Software repository management: Joint oversight via merge access (no full transfer).
- Unique Node List (UNL) transition: XRPLF aims to take over UNL selection with transparent criteria.
Chari noted that widespread XRP adoption would benefit Ripple more than other entities, reinforcing alignment between both organizations.
Recent Grants to Accelerate XRPL Growth
Earlier this month, Ripple, Coil, and Gatehub awarded $6.5 million in grants to XRPLF to fast-track development. These funds aim to:
- Enhance scalability.
- Support developer tools.
- Foster community-driven innovation.
FAQs
Q: Will XRPLF control Ripple’s XRP reserves?
A: No. The foundation has no authority over non-circulating XRP.
Q: Is Ripple stepping back from XRPL development?
A: Ripple remains a key developer, with XRPLF focusing on supplementary growth initiatives.
Q: How will the $6.5M grants be used?
A: Funds will prioritize technical upgrades, ecosystem tools, and community projects.
👉 Explore XRP Ledger’s latest developments
Conclusion
The XRP Ledger Foundation’s clarifications underscore its supportive—not controlling—role in XRPL’s evolution. With Ripple’s ongoing involvement and new funding, the ecosystem aims to balance decentralization with accelerated innovation.
For real-time updates, follow expert analyses and official announcements from XRPLF and Ripple.
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