XRPL Proposes Confidential Transfers for $530M in Tokenized Wall Street Assets
What happened: Ripple released XRPL v3.
What happened: Ripple released XRPL v3.3.0, introducing six amendments now under validator vote, including "Confidential Transfers"—a feature that would encrypt token balances and transfer amounts using ZK-style validation. The amendments target the $530 million in tokenized real-world assets (RWAs) on XRPL outside of RLUSD, with a total tokenized RWA value of $1.38 billion. Activation requires 80% validator support for two consecutive weeks.
Why it matters: If approved, the Confidential Transfers amendment would offer institutions enhanced privacy for on-chain transactions while preserving selective access for issuers and regulators. This could accelerate institutional adoption of XRPL for tokenized assets, but the proposal is not yet active and depends on validator consensus. Ripple’s recent partnership with Aviva Investors underscores the platform’s RWA ambitions.
Source: CoinDesk