Tokens issued by trusted parties were originally included in the Xumm token "shortlist" ("Add" button on the home screen). In 2021, we published guidelines on getting tokens added to this shortlist.
While our primary focus is on developing Xumm, we took it upon ourselves to vet these tokens despite the process often taking us weeks of work to gather and process information. Although the process was tedious and laborious, we did our best to accommodate everyone.
Due to the rapid expansion and adoption of the XRP Ledger, we now receive dozens of inquiries every month requesting that tokens be added to the Xumm shortlist. More and more token issuers want to get vetted or have their icons/logos in Xumm added or modified.
Unfortunately we just don't have the resources and bandwidth to keep up with the demand.
XRP Ledger Foundation Token Assessment Framework
On March 14-2022, the XRP Ledger Foundation launched the initial phase of their Token Assessment Framework, a framework to help provide transparency for investors in an XRP Ledger ecosystem with an increasing amount of issued tokens.
The framework was established in collaboration with Grant Thornton Baltic, and the first phase includes a self-assessment questionnaire for token issuers, guiding the issuer through a list of questions to both provide transparency for investors, and help improve self-regulation and trust.
All self-assessments are made publicly available, in a common format, from which individual investors can do their own research and make personal quality assessments. And as each response are signed by the issuer, investors can verify that the self-assessment is actually submitted by the issuer.
Future phases of the framework will include an option for token issuers to complete a validation and verification process with a third party auditor, based on which the Foundation will advise on listing by exchanges, wallets and other virtual asset service providers.
You can follow the XRPLF here: https://twitter.com/XRPLF
How do I go through the token assessment process?
Visit the XRP Ledger Foundation here:
How does this apply to Xumm?
Any token issuer that completes the self-assessment can opt in for an audit & continued vetting. Once the issuer and token gets validated by the XRPL Foundation's third party auditor, the token and issuer will be published on a Token List by the XRPL Foundation.
All assets on this list will be added to the Xumm shortlist, making it super easy to add your Trust Line in Xumm along with displaying your token name and icon/logo.
I already have several tokens and several Trust Lines, what do I need to do?
This applies to the token issuers, not to the token holders. It is not related to current and future Trust Lines.
What if I need help with the assessment process or have more questions about it?
Make sure that you visit the XRPL Foundation assessment site and thoroughly review it first. It should be able to answer most of your questions.
If you can't find your answer there, the best way to contact them is via email at: email@example.com
We understand that you might have additional questions regarding this topic so you are welcome to contact us any time via the Xumm Support xApp in Xumm or you can simply scan this QR code with Xumm and be directed there automatically.