BTC $62,872.17 -1.40%
ETH $1,872.30 -0.99%
BNB $606.89 -0.96%
XRP $1.00 -0.73%
SOL $75.58 -0.83%
TRX $0.3338 -0.88%
DOGE $0.0695 -1.31%
ADA $0.1817 -2.11%
BCH $205.64 -4.56%
LINK $8.75 +0.35%
HYPE $56.64 -0.80%
AAVE $87.23 -1.90%
SUI $0.6792 -1.40%
XLM $0.1585 -1.50%
ZEC $486.21 -1.97%
BTC $62,872.17 -1.40%
ETH $1,872.30 -0.99%
BNB $606.89 -0.96%
XRP $1.00 -0.73%
SOL $75.58 -0.83%
TRX $0.3338 -0.88%
DOGE $0.0695 -1.31%
ADA $0.1817 -2.11%
BCH $205.64 -4.56%
LINK $8.75 +0.35%
HYPE $56.64 -0.80%
AAVE $87.23 -1.90%
SUI $0.6792 -1.40%
XLM $0.1585 -1.50%
ZEC $486.21 -1.97%

xrp

XRP is a digital asset developed by Ripple Labs, designed to facilitate fast and low-cost cross-border payments. The XRP Ledger is a decentralized blockchain platform that supports quick settlements and high throughput. The main uses of XRP include serving as a bridge currency between financial institutions, reducing foreign exchange costs, and improving the efficiency of capital flow. Ripple's payment network integrates with traditional banking systems, with XRP acting as a liquidity tool to enable instant cross-border transactions.
All
Article
Flash

XRP Ledger plans to launch a privacy transfer feature, targeting the over $530 million institutional-grade tokenized asset market

The latest software version 3.3.0 of the XRP Ledger (XRPL) introduces multiple upgrade proposals, among which the "Confidential Transfers" feature aims to provide higher privacy protection for institutional users, supporting the encryption of token balances and transfer amounts while maintaining visibility of account and token types. This feature is primarily targeted at Multi-Purpose Tokens (MPT) on the XRPL, with application scenarios including tokenized financial assets such as funds and bonds. Through cryptographic technologies like zero-knowledge proofs, the network can verify the validity of transactions without disclosing specific amounts.According to market news, the XRPL currently has approximately $1.38 billion in on-chain real-world assets (RWA), including about $845.7 million in RLUSD. In addition to RLUSD, there are over $530 million in tokenized assets on the XRPL, involving issuers such as Ondo, VERT Capital, Archax, and Société Générale. Besides Confidential Transfers, the XRPL 3.3.0 version also includes five proposals: Batch, Sponsor, Permission Delegation, and Dynamic MPT, which address institutional needs for batch transactions, fee payment, permission management, and dynamic adjustment of token attributes. However, these upgrades have not yet been officially launched and will need to gain over 80% support from trusted validation nodes on the XRPL for two consecutive weeks before activation. The market is paying attention to whether institutions like Aviva and Ondo, which have issued assets on the XRPL, will adopt this privacy feature.
app_icon
ChainCatcher Building the Web3 world with innovations.