- The XRPL Foundation has officially been incorporated in France, marking a major milestone.
- The Foundation aims to foster a decentralized, secure XRP Ledger community and promote development.
- Governance will feature a mix of Founding Members and rotating Directors to ensure inclusive decision-making.
Recently, the XRPL Foundation took an important step of legally registering as a French 1901 organization in further development; this is the start of the more visible and collaborative Foundation to support the XRPL ecosystem.
According to the press release, the foundation, which was created by some of the most key organizations, including Ripple, XRPL Labs, XRPL Commons, and XAO DAO, will be in charge of long-term security, more community contributions, and decentralized development on XRPL.
The association was registered under the title “XRP Ledger Foundation,” in line with their objectives put forward in the post back in August 2024. Based in France, the Foundation will thus follow local governance laws- with the Paris Court of Appeals governing over any dispute.
By incorporating, the Foundation will be able to construct a more sustainable framework for decision-making, including a well-defined set of bylaws that will guide its operations.
Building a Thriving XRPL Ecosystem
The newly established Foundation is focused on creating a thriving ecosystem around the XRP Ledger. Its primary objectives are to promote a secure, resilient, and decentralized platform for developers and users while also ensuring the smooth operation of the XRP Ledger. Key areas of focus include improving the ledger’s security, encouraging its adoption, protecting intellectual property, and fostering developer resources.
The Foundation is also committed to ensuring transparent governance, advocating for regulatory clarity, and fostering partnerships with other blockchain networks. Indicators such as community engagement, developer involvement, and the establishment of new strategic partnerships will be tracked to measure its success.
Governance Structure and Future Plans
The Foundation’s governance will take a balanced approach. Founding Members include XRPL Commons, XRPL Labs, Ripple, and XAO DAO, forming the core of the Board of Directors, which is supplemented by rotating Directors elected for their expertise.
This structure is designed to make sure there is diverse representation, yet it preserves continuity at the institutional level. Major decisions, such as budget plans and strategic direction, will be subject to Board approval, with input from the General Assembly of Associate Members.
The plans for the Foundation over the next several months include an Executive Director, asset transfers, and special committees. These committees will be areas the community can also participate in and build into the direction of the foundation’s future.
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