XRP’s confidential transfers are coming: what Ripple’s MPT amendment actually changes

Ripple shipped zero-knowledge privacy for tokenized assets on the XRP Ledger. The feature encrypts balances and transfer amounts while keeping accounts visible, a design that separates it from every privacy coin on the market and raises a question regulators have not yet answered. Summary XRP Ledger version 3.3.0, released on August 6, 2026, includes the Confidential MPT amendment (XLS-0096), which uses EC-ElGamal encryption, Pedersen commitments, and Bulletproof range proofs to hide Multi-Purpose Token balances and transfer amounts while keeping sender and receiver accounts fully visible on the public ledger. The amendment sits alongside four other proposals in the same release: BatchV1_1 for atomic multi-account transactions, Sponsor for third-party fee delegation, DynamicMPT for mutable token properties, and Permission Delegation for granular account access, collectively representing the largest single protocol expansion in XRPL history. More than $530 million in tokenized real-world assets already live on the ledger, issued by firms including Ondo Finance ($212.6 million), VERT Capital ($116.1 million), and Archax ($55.4 million), all of which could opt into encrypted balances ...