XRP Ledger privacy vote targets $530M RWA market

XRP Ledger validators will vote on a privacy amendment designed for institutional transfers as the network hosts more than $530 million in distributed tokenized assets outside RLUSD. Summary Confidential Transfers would encrypt MPT balances and payment amounts while keeping accounts and token types visible. XRPL hosts about $1.38 billion in distributed assets, including $845.7 million of RLUSD. The first version supports direct MPT payments only, excluding exchange trades, escrow and checks. Activation requires 80% validator support for two consecutive weeks. XRP Ledger privacy amendment enters validator process XRP Ledger version 3.3.0, released on Aug. 6, includes six proposed amendments focused largely on institutional asset issuance and settlement. Confidential Transfers is the most privacy-focused proposal. It would allow users to encrypt balances and payment amounts attached to Multi-Purpose Tokens, or MPTs, which XRPL designed for assets such as tokenized funds, bonds and other financial instruments. Accounts involved in a payment and the type of asset being transferred would remain visible. However, outside observers would not be able to see the value held by each account o...