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How to Use Escrow to Time-Lock and Secure Your XRP
By Solomon Odunayo | July 24, 2025
The XRP Ledger (XRPL) has a native escrow feature that empowers users to lock their XRP for a specified period or until predetermined conditions are met. This built-in capability is designed to provide enhanced control over one’s holdings without relying on third-party custodians. Notably, Jake Claver, Managing Director of Digital Ascension Group, recently highlighted this underutilized option, encouraging XRP holders to take advantage of the functionality for personalized financial strategies.
Did you know you can use an escrow to secure and time-lock your XRP for future growth?
In this article, we will delve into the overview of the escrow mechanism on the XRPL platform.
Overview of the Escrow Mechanism
On the XRP Ledger, escrow operates as an automated contract that restricts access to funds until specific criteria are satisfied. This process does not require a middleman, as the ledger itself enforces the terms. Escrows are created through the EscrowCreate transaction, where the sender defines the amount to be locked, the release conditions, and the recipient. Once those conditions are met, the recipient can complete the transaction by submitting an EscrowFinish, at which point the funds are released and the escrow is removed. If the escrow expires without fulfillment of its conditions, the sender has the option to cancel it using an EscrowCancel transaction to reclaim the funds.
Jerome Claver noted that users can utilize the escrow feature to achieve multiple goals. “It’s a way to protect XRP from yourself,” he said, referring to the ability to delay access to funds until reaching a financial milestone. Others may use it to schedule future transfers automatically or enforce personal saving habits.
Source: timestabloid.com
