XRPL Version 3.3.0 Introduces Confidential Transfers Amendment

XRPL's version 3.3.0 introduces Confidential Transfers, an amendment that encrypts MPT balances and payment amounts.

The feature targets over $530 million in non-RLUSD tokenized assets on the ledger, currently visible to anyone watching the chain.

Ripple has been promoting Multi-Purpose Tokens (MPTs) for funds, bonds, and other financial instruments.

Confidential Transfers rely on a cryptographic method that lets the ledger verify transaction amounts without being able to read them.