XRP Ledger’s software version 3.3.0 includes a new Confidential Transfers proposal aimed at institution-facing use cases, with a focus on tokenized financial assets issued on the network. The feature would encrypt token balances and transfer amounts while keeping account identities and token types visible, allowing privacy around transaction size without hiding the asset class itself. The design relies on cryptographic methods such as zero-knowledge proofs so the network can still verify whether a transaction is valid.
According to CoinDesk, XRPL currently holds about $1.38 billion in on-chain real-world assets, including roughly $845.7 million in RLUSD. Outside RLUSD, more than $530 million in tokenized assets are already live on XRPL, with issuers including Ondo, VERT Capital, Archax and Societe Generale. Version 3.3.0 also contains proposals covering batch transactions, sponsored fees, permission delegation and dynamic token attributes for Multi-Purpose Tokens. None of the changes are live yet. They still need more than 80% support from trusted XRPL validators for two straight weeks before activation.
XRP Ledger’s latest software release, version 3.3.0, includes a set of amendment proposals, led by Confidential Transfers, a feature aimed at giving institutional users stronger privacy controls.
The proposal would let users encrypt token balances and transfer amounts while keeping account identities and token types visible. It is mainly designed for Multi-Purpose Tokens, or MPTs, on XRPL, with target use cases that include tokenized financial assets such as funds and bonds.
Under the design, the network can verify whether a transaction is valid without disclosing the exact amount, using cryptographic tools including zero-knowledge proofs.
CoinDesk reported that XRPL currently has about $1.38 billion in on-chain real-world assets, or RWA, including roughly $845.7 million in RLUSD. Excluding RLUSD, more than $530 million in tokenized assets are on the ledger, involving issuers such as Ondo, VERT Capital, Archax and Societe Generale.
Beyond Confidential Transfers, XRPL 3.3.0 also includes five proposals covering Batch, Sponsor, Permission Delegation and Dynamic MPT. These are aimed at institutional needs such as batch transactions, fee sponsorship, permission management and dynamic adjustment of token attributes.
The upgrades have not gone live. They can only be activated after receiving support from more than 80% of XRPL trusted validators for two consecutive weeks. The market is also watching whether institutions that have already issued assets on XRPL, including Aviva and Ondo, will adopt the privacy feature.
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