XRPL to Introduce Confidential Transfers for Over $530 Million in Tokenized Assets Market

Odaily Planet Daily reports that the latest software version 3.3.0 of the XRP Ledger (XRPL) introduces several upgrade proposals, including Confidential Transfers. This feature is designed for institutional users, enabling encrypted token balances and transfer amounts while preserving visibility of accounts and token types. It is primarily intended for Multi-Purpose Tokens (MPTs) on XRPL, such as tokenized financial assets including funds and bonds. Using cryptographic techniques like zero-knowledge proofs, the network can verify transaction validity without revealing specific amounts. XRPL currently has approximately $1.38 billion in on-chain real-world assets (RWA), including about $845.7 million in RLUSD. Beyond RLUSD, over $530 million in tokenized assets on XRPL are issued by entities such as Ondo, VERT Capital, Archax, and Société Générale. Version 3.3.0 also includes five additional proposals: Batch, Sponsor, Permission Delegation, and Dynamic MPT, addressing institutional needs such as batch transactions, fee sponsorship, permission management, and dynamic adjustment of token attributes. These upgrades have not yet been activated and require sustained support from more than 80% of trusted XRPL validation nodes over a two-week period to be enabled.