A batch of proposed amendments to the XRP Ledger would let institutions encrypt token balances and transfer amounts on more than $530 million in tokenized real-world assets, while still keeping accounts and token types visible to the network. The centerpiece, called Confidential Transfers, is part of the proposed XRPL v3.3.0 software release and uses cryptographic proofs to validate a transaction without revealing the numbers behind it.
According to CoinDesk, the feature is designed for Multi-Purpose Tokens and would give issuers, auditors and regulators selective access to transaction details that remain hidden from the general public — a structure aimed squarely at institutions that need on-chain settlement but can't expose position sizes or counterparty balances.
Who the $530 million belongs to
XRPL currently carries $1.38 billion in total tokenized real-world assets, of which the amendment specifically targets the $530 million-plus issued outside Ripple's RLUSD stablecoin. That non-RLUSD pool breaks down across Ondo ($212.6 million), VERT Capital ($116.1 million), Archax ($55.4 million) and Societe Generale ($11.6 million), with RLUSD itself accounting for $845.7 million of the ledger's total tokenized value. Confidential Transfers is bundled with five other proposed amendments — Batch, Sponsor, Permission Delegation and Dynamic MPT among them — all aimed at institutional use cases.
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An 80% threshold stands in the way
None of it activates automatically. XRPL amendments require 80% of validators to support the change continuously for two weeks before it goes live, a deliberately high bar meant to prevent contentious upgrades from splitting the network. Institutional appetite for the underlying use case looks strong: Aviva Investors launched a tokenized share class of its U.S. Dollar Liquidity Fund on XRPL in July 2026, months after first announcing the project with Ripple in February.
Part of a broader institutional push
The proposal lands as XRPL's institutional footprint keeps expanding. The ledger's total represented asset value has climbed to $4.06 billion, and daily transactions hit 3 million in March 2026 — roughly triple mid-2025 averages — driven by AMM pools, tokenized assets and RLUSD settlement flows. Ripple has also been investing in the infrastructure layer directly, backing firms ZILO and Licuido to expand XRPL's institutional capabilities, while Ripple President Monica Long has forecast that half of Fortune 500 companies will have digital asset strategies in place by year-end. Confidential Transfers, if it clears the validator threshold, would remove one of the last objections large institutions raise about settling on a public ledger: that their trade sizes and balances are visible to competitors.
