Confidential transfers on the XRP Ledger.

On June 5, an XRPL Foundation lead teased XLS-0096, a draft standard that hides how much of a token someone holds and how much they send, while still letting the network confirm the total supply was not inflated.

It works by encrypting each balance and amount, then attaching a zero-knowledge proof, a short piece of math that confirms a statement is true without revealing the numbers behind it. Validators never see the figures, but can still verify that issuance stayed within its cap. A view key lets an institution show its own records to an auditor.

Privacy and auditability usually trade against each other. This keeps the amounts hidden from the public while leaving the books provable.