XRP Ledger adds Boundless ZK privacy for banks

The XRP Ledger integrated Boundless’s zero-knowledge infrastructure in a Tuesday release, allowing banks and asset managers to execute confidential, regulator-auditable transactions on the public network.

Boundless’s design conceals transaction size, frequency and counterparties from public view while preserving selective disclosure for authorized oversight through role-based access controls, the company said.

The feature targets institutional flows that are hard to run on fully transparent ledgers, including cross-border business-to-business payments, treasury and capital management, over-the-counter positions, tokenized asset issuance and decentralized exchange or lending activity where order flow and positions are sensitive.

Shiv Shankar, Boundless chief executive, described the approach as a way for institutions to protect trading strategies and client activity while retaining the ability to meet on-chain compliance requirements.

Other vendors are pursuing different cryptographic methods. Some combine fully homomorphic encryption with tokenization platforms; others use zero-knowledge proofs to anchor private execution to larger networks and keep raw transaction data off public ledgers.

Shankar noted that alternatives requiring firms to launch their own layer-2 networks can raise investment and operational costs. Boundless implements privacy controls via smart contracts on the base network, a setup the company says lets institutions keep liquidity on the same network where they operate.

Market data show growing activity in tokenized assets. RWA.xyz reported total tokenized asset value at $29.25 billion in April 2026, a 7.9% increase from the prior month.

The rollout comes as privacy features are increasingly added to base-layer and tokenization infrastructure. The Boundless integration gives banks and asset managers a mechanism to run sensitive operations on-chain while retaining options for regulator access and auditability.