The XRP Ledger (XRPL) network has gained on-chain privacy features, with zero-knowledge proof technology (ZK) natively integrated into the network. XRPL Commons, a key stakeholder in the XRP community, described this as the missing element in its efforts to enhance institutional adoption of the network.

XRP Ledger application gains native on-chain privacy
XRPL Commons, a Paris-based organization supporting the network, announced in a press release, in collaboration with Boundless, the full integration of zero-knowledge proof technology (ZK proof) into the network, a historic achievement. The organization indicated that for the first time, institutions and developers on the network will be able to keep confidential sensitive financial data, while ensuring it is subject to auditing and full legal compliance.

XRPL Commons confirmed that this is the missing element for institutional adoption of the XRP Ledger. The organization added that institutions transferring capital across blockchain networks need the same privacy and compliance guarantees enjoyed by traditional financial systems.

It is worth noting that this announcement was made in the XRPL area in Paris, during Paris Blockchain Week. Odilia Turtiman, Director of Enterprise Adoption at XRPL Commons, who made the announcement, said that they designed XRPL for institutional finance, and that together with Boundless they are opening up new horizons for a class of institutional use cases that were previously not possible.

Meanwhile, Emiliano Bonasi, Vice President of Engineering at Boundless, indicated that starting from