The XRP Ledger plans to launch a privacy transfer feature, targeting the institutional tokenized assets market worth over $530 million.

The XRP Ledger (XRPL)’s latest software version 3.3.0 introduces multiple upgrade proposals, including the “Confidential Transfers” feature designed to deliver enhanced privacy protection for institutional users. The feature encrypts token balances and transfer amounts while retaining visibility into accounts and token types, and is primarily targeted at Multi-Purpose Tokens (MPT) on XRPL, with use cases covering tokenized financial assets such as funds and bonds. Using encryption technologies like zero-knowledge proofs, the network can verify transaction validity without disclosing specific amounts. Per CoinDesk, XRPL currently holds around $1.38 billion in on-chain real-world assets (RWA), including approximately $845.7 million in RLUSD. In addition to RLUSD, there are over $530 million in tokenized assets on XRPL, issued by entities including Ondo, VERT Capital, Archax, and Société Générale. Beyond Confidential Transfers, XRPL version 3.3.0 includes five other proposals: Batch, Sponsor, Permission Delegation, Dynamic MPT, etc., addressing institutional needs such as batch transactions, fee sponsorship, permission management, and dynamic adjustment of token attributes. However, these upgrades have not yet been officially launched; they require sustained support of over 80% from XRPL trusted validator nodes for two weeks before activation. The market is watching whether institutions like Aviva and Ondo, which have already issued assets on XRPL, will adopt this privacy feature.