The XRP Ledger is preparing for a major upgrade that could make the network more attractive to banks, financial institutions, and companies working with tokenized assets.
RippleX Head of Product Jazzi Cooper recently revealed five proposed amendments that are expected to be included in the upcoming xrpld 3.3.0 software release. The changes focus on privacy, settlement efficiency, user onboarding, and token management.
However, the release of the software does not automatically activate these features. Each amendment must first receive approval from XRP Ledger validators before becoming part of the network.
According to Cooper, the XRP Ledger has already demonstrated its ability to support tokenized assets at scale. The next step is making those assets easier to transfer, trade, use as collateral, and settle across different participants.
One of the most significant proposals is called Confidential MPT.
This amendment would introduce privacy features for Multi-Purpose Tokens (MPTs). Using advanced cryptography and zero-knowledge proofs, it would allow token balances and transaction amounts to remain hidden from the public while still allowing authorized parties, such as auditors or regulators, to verify the information when necessary.
For financial institutions, privacy is often a key requirement before using public blockchain networks. Many banks and asset managers need to keep transaction details confidential while maintaining compliance with regulatory and reporting standards.
The proposal aims to provide that balance by combining privacy with controlled transparency.
Another important amendment is Batch Transactions.
This feature would allow multiple transactions involving different accounts to be grouped together and executed as a single operation. Either every transaction in the batch succeeds, or the entire batch fails.
This process is known as atomic settlement and can significantly reduce settlement risk.
For example, it could support delivery-versus-payment transactions, where an asset and its payment are exchanged simultaneously. This is a common requirement in traditional financial markets and institutional trading.
The third proposal focuses on Permission Delegation.
This feature would allow account owners to grant specific permissions to other users without giving away full control of the account.
A financial institution could allow employees to perform certain operational tasks while keeping critical account keys under separate and more secure control.
This creates stronger internal controls and reduces operational risk.
The fourth amendment, Sponsored Fees and Reserves, is designed to simplify onboarding.
Currently, users often need to acquire XRP before they can interact with the XRP Ledger because XRP is required for transaction fees and account reserves.
Under the proposed system, a bank, platform, or issuer could cover those costs on behalf of users.
This would allow people to access services on the network without first purchasing XRP, removing one of the biggest barriers for new participants.
The fifth proposal is called Dynamic MPT.
This feature would allow issuers to modify certain token properties after a token has already been created.
For example, issuers could update transfer fees, metadata, or other approved settings without needing to launch an entirely new token.
Today, making significant changes often requires replacing an existing token with a new one. Dynamic MPT would offer greater flexibility while maintaining the integrity of the original issuance.
All five amendments are intended to improve the XRP Ledger’s ability to support real-world financial applications.
Before any of these features can become active, they must pass the XRP Ledger’s validator approval process. Amendments that affect transaction processing typically require at least 80% support from trusted validators for two consecutive weeks.
The network recently demonstrated this process with the activation of the fixCleanup3_2_0 amendment on July 29. More than 85% of participating trusted validators supported the change, allowing it to become part of the mainnet.
The timing of these proposals is notable because activity involving tokenized real-world assets (RWAs) on the XRP Ledger has been growing rapidly.
Recent data shows the network added approximately $2.6 billion in tokenized asset value during the six months leading up to late July. This placed XRPL among the leading blockchain networks for RWA growth, trailing only BNB Chain and ranking ahead of several major competitors.
The network’s total tokenized real-world asset value has now reached roughly $4.38 billion.
That growth suggests increasing interest in using XRPL for financial products beyond traditional cryptocurrency transactions.
If approved, the new amendments could further strengthen the network’s appeal by offering better privacy, smoother settlement processes, easier onboarding, and more flexible token management.
For now, developers and validators will review the proposals as they move through the governance process. The upcoming xrpld 3.3.0 release will introduce the framework for these changes, but their activation will ultimately depend on whether each amendment gains enough support from the XRP Ledger community.
The outcome could play an important role in shaping XRPL’s future as a platform for tokenized assets and institutional blockchain adoption.
