New XRP Ledger amendments target $530 million in tokenized Wall Street assets
A new XRPL amendment proposal would let institutions encrypt token balances and transfer amounts while still giving issuers, auditors and regulators selective access.
The XRP Ledger has released its version 3.3.0, which includes six proposed amendments targeting institutional users and $530 million of tokenized real-world assets. One of these amendments, called Confidential Transfers, aims to encrypt balances and payment amounts on Multi-Purpose Tokens, allowing institutions to move tokens without revealing the size of every position and transfer.
This feature uses cryptographic methods to prove the validity of transactions without revealing the underlying numbers. Other amendments focus on batch transactions, sponsor accounts, permission delegation, dynamic MPTs, and memory optimization. These amendments require 80% support from trusted validators before activation.
Brief written by urgent.news from CoinDesk's own syndicated text. Machine-written — it may contain errors, so check the original before relying on it.
Also reported by 1 other outlet
- Wall Street Is deepening Its crypto grip and rewiring the market economictimes.indiatimes.com
