New XRP Ledger amendments target $530 million in tokenized Wall Street assets

TechNew XRP Ledger amendments target $530 million in tokenized Wall Street assetsA new XRPL amendment proposal would let institutions encrypt token balances and transfer amounts while still giving issuers, auditors and regulators selective access.By Shaurya Malwa|Edited by Cheyenne Ligon1 hr ago2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowThe 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.A privacy feature built for institutional money is going to a vote on the XRP Ledger, where more than $530 million of tokenized real-world assets already sit.XRPL version 3.3.0, released this week, includes six proposed amendments. Among them, a “Confidential Transfers” update is the one aimed squarely at institutional users, encrypting balances and payment amounts on Multi-Purpose Tokens, the format Ripple has been pitching for funds, bonds and other financial assets. The idea is to let an institution move tokens without publishing the size of every position and transfer. Accounts and the type of token being moved stay visible, while individual balances and payment amounts can be encrypted. As such, the ledger can still check that the sums add up without being able to read them, using a cryptographic method that proves a transaction is valid without revealing…

New XRP Ledger amendments target $530 million in tokenized Wall Street assets

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