Ripple is pushing forward with XRP’s institutional adoption by addressing privacy concerns and implementing confidential asset flows. Ripple CEO Brad Garlinghouse has emphasized the importance of privacy as a key barrier to entry for institutions. To overcome this hurdle, Ripple is introducing confidential balances and transfers via zero-knowledge proofs. This comes alongside the integration of privacy-enhancing features like smart escrow (XLS-100) and smart contracts (XLS-101). Ripple’s efforts to improve on-chain privacy will be instrumental in enabling institutions to confidently use XRP for various financial transactions. The company also highlights its compliance-focused development, showcasing recent adoption of decentralized identifiers and permissioned domains which align with regulatory demands.