XRPL version 3.3.0 was released this week and includes six proposed amendments, including Confidential Transfers, which is intended to encrypt individual balances and payment amounts on Multi-Purpose Tokens while leaving accounts and token types visible.
RWA.xyz tracks about $1.38 billion of distributed real-world assets on XRPL, including RLUSD at $845.7 million, and there is more than $530 million of tokenized assets on XRPL outside RLUSD. None of the proposed changes are live yet.
Confidential Transfers in XRPL 3.3.0 is presented as an amendment targeted at institutional users and is designed to encrypt individual token balances and the amounts of payments on Multi-Purpose Tokens. “Confidential Transfers update is the one aimed squarely at institutional users, encrypting balances and payment amounts on Multi-Purpose Tokens.” The proposal maintains visibility of accounts and the type of token being moved while allowing encryption of individual balances and payment amounts. “Accounts and the type of token being moved stay visible, while individual balances and payment amounts can be encrypted.“
A cryptographic method is included so the ledger can validate that transactions balance without revealing the underlying numeric values. “The ledger can still check that the sums add up without being able to read them, using a cryptographic method that proves a transaction is valid without revealing the numbers behind it.” The design is described as enabling institutions to move tokens without publishing the size of every position and transfer. “The idea is to let an institution move tokens without publishing the size of every position and transfer.” The amendment references zero-knowledge proof techniques as the cryptographic approach enabling validity checks without exposing amounts.
The Confidential Transfers amendment is one of six proposed changes included in the XRPL 3.3.0 release and remains not active. “None of the changes are live yet.“
RWA.xyz tracks about $1.38 billion of distributed real-world assets on XRPL. The tracked assets include RLUSD at $845.7 million, Ondo at $212.6 million, and VERT Capital at $116.1 million. Other tracked issuers include Archax at $55.4 million and Societe Generale at $11.6 million. RWA.xyz reports these values as distributed real-world assets recorded on XRPL. The listed amounts are presented in RWA.xyz’s dataset for tokenized assets on the ledger.
There is more than $530 million of tokenized assets on XRPL outside RLUSD. Aviva Investors launched a tokenized share class of its U.S. Dollar Liquidity Fund on XRPL last month after announcing the project with Ripple in February. The launch is recorded as a tokenized share class of the U.S. Dollar Liquidity Fund. RWA.xyz’s tracking list identifies the specific amounts for the issuers named above.
XRPL version 3.3.0 includes six proposed amendments beyond Confidential Transfers. “None of the changes are live yet.” “Amendments require at least 80% support from trusted validators, held continuously for two weeks, before they activate.” The release also includes fixes that reduce memory usage and improve node synchronization. “Memory use cuts by at least 10% to 15% while improving how quickly nodes catch up with the network.”
These proposed changes are part of the XRPL 3.3.0 release and remain subject to the ledger’s amendment activation process. This summary records their current status and the stated performance improvements.
XRPL version 3.3.0 bundles six proposed amendments and highlights Confidential Transfers as a privacy-focused change that would encrypt individual balances and payment amounts on Multi-Purpose Tokens while leaving accounts and token types visible. The release accompanies a growing tokenized real-world asset ecosystem on XRPL that is tracked by third-party services and includes multiple institutional issuers and token projects. That ecosystem encompasses a range of tokenized instruments from various financial firms and has attracted institutional activity in recent months. These developments are presented alongside other protocol updates included in the 3.3.0 package.
As released, the proposed amendments are not active and remain subject to the ledger’s amendment activation process. The changes require broad support from validators before they can activate. The release also includes performance and maintenance fixes.
