New XRP Ledger amendments target $530 million in tokenized Wall Street assets
A new XRPL amendment proposal would let institutions encrypt token balances and transfer amounts while still giving issuers, auditors and regulators selective access.
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Summary
- The latest XRP Ledger software release, version 3.3.0, introduces a proposed “Confidential Transfers” feature that would let institutions encrypt balances and payment amounts on certain tokenized assets while keeping accounts and token types visible.
- The upgrade targets the growing market for tokenized real-world assets on XRPL, where about $1.38 billion is already issued, including major positions from RLUSD, Ondo, VERT Capital, Archax and Societe Generale.
- Confidential Transfers and five other institutional-focused amendments, including tools for batching transactions, sponsoring fees and delegating permissions, still require at least two weeks of 80% validator support before they can go live.
