The XRP Ledger is preparing a major v3.3.0 upgrade with five new features designed to streamline tokenization and institutional finance, with the software release anticipated next week. The upgrade targets critical gaps in privacy, settlement efficiency, and onboarding for banks and financial platforms seeking to deploy tokenized assets on the network.
Jazzi Cooper, head of product at RippleX, outlined the proposed amendments in a statement this week. The five features include Confidential Multi-Purpose Tokens (MPT) for private transaction data, Batch transactions for atomic settlement across multiple accounts, Permission Delegation for narrowly scoped transaction authority, Sponsored Fees and Reserves to cover user costs, and Dynamic MPT to allow issuers to adjust token properties after issuance.
“XRPL has already proven it can support tokenized assets at scale,” Cooper said. “Now it’s time to put these assets to use: global transfers, trading, collateralizing, and settling.” She added that the five amendments would move the network closer to supporting those activities.
Confidential MPT would add native privacy features using elliptic-curve encryption and zero-knowledge proofs to conceal token balances and transfer amounts. Issuers and holders could keep transaction data private while granting access to designated third parties such as auditors or regulators—a feature designed to address a core requirement for US-regulated financial institutions evaluating public blockchains for tokenized assets.
The Batch amendment would allow transactions involving multiple accounts to execute atomically within one ledger, meaning either every part of the batch succeeds or the entire operation fails. This structure supports delivery-versus-payment workflows, where an asset transfer and its corresponding payment occur together, reducing settlement risk in complex multi-account transactions.
Permission Delegation would allow account holders to grant narrowly defined transaction permissions without transferring control of their signing authority. An institution could authorize a treasury or operations team to perform specific tasks while keeping issuance keys under separate control. Sponsored Fees and Reserves would let banks, issuers, or platforms cover transaction fees and account reserves for users, removing a significant onboarding barrier that currently requires every participant to acquire and manage XRP before interacting with the network.
Dynamic MPT, the fifth proposed amendment, would let issuers modify selected token properties after issuance—including transfer fees, metadata, and other predefined features—without requiring a replacement token to be created.
Each amendment must pass through the XRP Ledger’s validator-governed approval process. Amendments affecting transaction processing generally require at least 80% support from trusted validators for two consecutive weeks before taking effect. The upgrade follows the July 29 activation of fixCleanup3_2_0, which made version 3.2.0 the minimum software release compatible with the updated mainnet rules.
The timing of the v3.3.0 upgrade reflects accelerating institutional adoption of tokenization on the XRP Ledger. According to data from RWA.xyz, the network added approximately $2.6 billion in real-world asset value during the six months through July 26, excluding stablecoins. That ranked XRPL second among tracked networks for net RWA inflows, behind BNB Chain at about $3 billion and ahead of Stellar at roughly $2.1 billion. XRPL’s combined distributed and represented RWA value reached approximately $4.38 billion.
Validator operators will be able to review the amendments as their specifications become available. Activation will depend on whether each proposal independently secures the required consensus after xrpld 3.3.0 is released.
Sources
- crypto.news — Full technical details on all five proposed amendments, Jazzi Cooper’s statement, validator approval process, and RWA inflows data
- CoinGape — Confirmation of v3.3.0 release timing and feature announcements
- Pluang — Corroboration of the five upgrades and institutional focus
