XRP Ledger proposes encrypted token balances to attract Wall Street assets

A new amendment proposal for the XRP Ledger (XRPL) is targeting approximately $530 million in tokenized Wall Street assets. The proposal would allow institutions to encrypt token balances and transaction amounts on the blockchain. Despite the encryption, issuers, auditors, and regulators would retain selective access to the underlying data. The amendment is designed to meet institutional privacy requirements while maintaining regulatory compliance. The move signals a push to make XRPL more attractive to traditional financial institutions exploring tokenization.