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XRP Ledger validators to vote on privacy upgrade for institutional token transfers

Protocol Fundamentals
08 Aug 2026
Crypto news
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Bullish
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XRP Ledger is proposing a privacy amendment called Confidential Transfers to encrypt balances and payment amounts for institutional Multi-Purpose Token (MPT) transfers, while keeping account and token types visible. This upgrade targets the growing market of over $530 million in tokenized assets outside Ripple's RLUSD stablecoin on the ledger. The feature requires 80% validator approval for two weeks and initially supports only direct MPT payments, excluding exchange trades and escrow. This privacy enhancement aims to help institutions maintain transaction confidentiality on a shared blockchain, with further amendments addressing complex workflows in future updates.

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