A new amendment proposal for the XRP Ledger (XRPL) aims to increase institutional adoption of tokenized assets by introducing a feature to encrypt token balances and transfer amounts.
According to reporting from CoinDesk, this proposal would still give issuers, auditors, and regulators selective access to the encrypted information, striking a balance between security and compliance.
The target for these amendments is $530 million in tokenized Wall Street assets, indicating a significant potential for growth in the use of the XRP Ledger for institutional investments.