The XRP Ledger developer committee has proposed the Confidential MPT standard (XLS-0096) to enhance transaction privacy for issued tokens on the network. This new standard aims to attract banks and financial institutions by addressing the privacy concerns that have hindered blockchain adoption. By incorporating EC-ElGamal encryption and zero-knowledge proofs, the standard conceals individual balances and transfer amounts while maintaining overall token supply visibility. Authored by XRPL contributor Shawn Xie, the Confidential MPT standard builds on the existing XLS-33 protocol, ensuring that while individual transactions remain private, the system's accounting rules and supply controls are preserved. The proposal introduces four key properties: confidentiality, public auditability, selective disclosure, and compatibility, allowing public and confidential balances to coexist. This development follows the recent introduction of Permissioned Domains and Permissioned DEX, further aligning the XRP Ledger with traditional financial compliance and privacy requirements.