Ripple CEO Brad Garlinghouse has announced plans to introduce a privacy layer for XRP to enhance its institutional adoption. This development follows Ripple's implementation of decentralized identifiers, on-chain credentials, and permissioned domains aimed at improving compliance. The proposed privacy layer, under XLS-66, will enable institutions to use tokenized real-world assets as collateral while maintaining confidentiality of balances and transfers.
In related news, VivoPower International has raised $19 million to bolster its XRP-focused treasury strategy and expand its involvement in the Ripple ecosystem. This move underscores growing institutional interest in leveraging XRP's capabilities for financial operations.
Ripple CEO Plans Privacy Layer to Boost XRP Institutional Use
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