Boundless brings confidential, compliant finance to XRPL using zero-knowledge proofs.
The problem no one wants to say out loud
Every transaction on a public blockchain is exactly that: public. Balances, counterparties, timing, strategy. All readable by anyone with a block explorer.
For retail, that's a tradeoff. For institutions moving real capital onchain, it's a dealbreaker. They need the same privacy and compliance guarantees on traditional rails, and no public blockchain has offered both at the protocol level.
That's what XRPL Commons and Boundless are building together:
This is the first time that ZK proofs are natively on XRPL. Making XRPL the first public blockchain where programmable privacy is native to the ledger and compliance controls are available by design.
What we built
Over the past six months, Boundless worked closely with XRPL Commons to build and deploy the first ZK proof verifier natively on XRPL. A RISC-V verifier now lives on the ledger itself making zero-knowledge proofs a native capability of XRPL.
This happened in three phases. First, Boundless deployed the verifier natively on XRPL, the first ZK proof verifier on the ledger. Then, the Boundless and XRPL teams collaborated to define Smart Escrow transaction types with programmable release conditions. Now, a working developer toolkit, testnet environment, and open-source examples are available to builders.
The roadmap: Smart Escrows to Smart Vaults
Smart Escrows are in progress now. They build on the Boundless ZK verifier deployed on XRPL and introduce programmable release conditions for any escrow. Enabling the escrows to require a valid ZK proof before funds move.
Smart Vaults come next. Enabling vault accounts with programmable ZK release conditions. This is where the full private financial ecosystem can take shape: every transaction verified against KYC inclusion sets and sanctions screening before it settles, with disclosure available to regulators on demand.
No trusted intermediaries or offchain workarounds. Privacy and compliance, built into the protocol layer.
What this unlocks:
Confidential execution on XRPL
- Stablecoin payments: Send, swap, or receive stablecoin payments where amounts, counterparties, and timing stay hidden from public view. Works with existing stablecoins like RLUSD, USDC, and USDT.
- Treasury Management: OTC positions and cross-entity transfers without exposing strategy or counterparty onchain. Yield deployments execute without broadcasting where the capital is going.
- DeFi access: Interact with DeFi protocols like Morpho while keeping positions confidential, including earning yield on idle balances. Order flow stays protected from MEV bots and front-runners.
- Crosschain interoperability: From crosschain swaps to onchain lending, move and deploy capital across chains. Two parties can settle transactions with a guarantee that both sides settle or neither does. This extends to any counterparty that can sign a transaction confirmation, including banks and CEXs, with transaction details staying confidential.
Private identity verification
With native ZK verification on XRPL, users can prove with zkPassport that their passport is not from a sanctioned country without revealing any other personal data, including the country itself. The verifier only needs to trust the issuing country’s signing certificate.
Real-world data in XRPL escrows
Chainlink reports can be compressed into a single ZK proof that XRPL verifies natively, allowing escrows to trigger on verified offchain data without trusting an intermediary. This includes RWA and crypto prices, proof-of-reserves, and arbitrary API calls via Chainlink Functions.
"XRPL has always been built for institutional finance. With Boundless, we are making confidential, compliant execution native infrastructure on XRPL, unlocking a category of enterprise use cases that simply wasn't possible before." — Odelia Torteman, Director of Corporate Adoption, XRPL Commons
Why XRPL
XRPL already has the throughput, the institutional relationships, and the regulatory credibility for compliance to be the next addition to the network. A privacy layer that meets enterprise requirements without compromising compliance.
Boundless is building that for XRPL. We're not new to this: our team has been building privacy infrastructure for 5+ years, with leaders from Coinbase, AWS, Avalanche, Conduit, and Mina Protocol. The Boundless prover network already processes 400T compute cycles per day at 99.9% uptime and $0.03 per billion cycles.
ZK proofs make it possible to prove a transaction is compliant without revealing what the transaction is. That's the unlock: privacy that regulators can trust, built into a ledger that institutions already use.
What comes next
Smart Escrows ship first, Smart Vaults follow. The developer toolkit is live on testnet today.
Onchain finance where privacy isn't a feature request, it's the default.
Explore the Boundless ZK on XRPL- Repository
Learn more at boundless.network
Learn more at XRPL Commons