The XRP Ledger (XRPL) is preparing for its next major software upgrade, with RippleX Head of Product Jazzi Cooper announcing five protocol amendments designed to bolster the network's capabilities in tokenization, institutional finance, and real-world asset (RWA) adoption.

The xrpld 3.3.0 release is anticipated next week. As with all XRPL protocol changes, the new features will only be activated once approved by the network's independent validators through the amendment voting process. "The release is currently anticipated for next week. As always, these amendments will only activate following validator approval," Cooper said, urging validator operators to review the amendments as they become available.

Cooper revealed the upcoming changes on X, stating that the XRP Ledger has already demonstrated its capacity to support tokenized assets at scale and is now expanding to facilitate global transfers, trading, collateralization, and settlement.

The five amendments — Confidential MPT, Batch, Permission Delegation, Sponsored Fees and Reserves, and Dynamic MPT — are intended to improve the network's usability for financial institutions and enterprise applications.

The upgrade arrives amid intensifying competition among blockchain networks to attract institutional tokenization projects. Financial firms are increasingly seeking blockchain technology to tokenize traditional assets — including government bonds, real estate, equities, and private credit — to streamline payments and reduce operational costs. Major asset managers have already launched live tokenization products on competing networks, including BlackRock's BUIDL tokenized treasury fund on Ethereum and Franklin Templeton's government money fund deployed across multiple blockchains, underscoring the growing institutional demand for production-grade distributed ledger infrastructure.

Confidential MPT: Privacy for Tokenized Assets

One of the most notable additions is Confidential MPT (Multi-Purpose Tokens), which introduces privacy features through elliptic curve cryptography and zero-knowledge proofs. The amendment enables token issuers and holders to keep balances and transaction amounts private while still granting designated entities such as regulators or auditors access when required.

This capability addresses one of the most significant barriers preventing financial institutions from adopting public blockchain infrastructure, where transaction data is typically visible to all participants. Selective disclosure of this kind is increasingly viewed as a prerequisite for regulated financial activity on transparent ledgers, where institutions must comply with reporting and auditing obligations without exposing proprietary trading positions.

Batch: Atomic Multi-Transaction Processing

The proposed Batch amendment allows multiple transactions involving different accounts to be grouped into a single atomic operation. This enables complex financial workflows — including delivery-versus-payment (DvP) settlements — to either execute in full or fail entirely, reducing settlement risk and enhancing efficiency for institutional trading and tokenized asset transfers.

Permission Delegation: Granular Access Control

Permission Delegation enables organizations to delegate narrowly defined transaction permissions without relinquishing control of their primary signing keys. The feature is designed for treasury teams and financial institutions that need to authorize routine transactions while maintaining strict oversight of critical issuance and reserve accounts.

Sponsored Fees and Reserves: Streamlined Onboarding

The Sponsored Fees and Reserves proposal aims to simplify user onboarding by allowing banks, issuers, or platforms to pay XRP transaction fees and reserve requirements on behalf of their users. This means new users can interact with XRPL-based applications without first purchasing XRP for signup or transaction fees — a longstanding usability obstacle for newcomers. Users would retain full custody of their wallets and private keys.

Dynamic MPT: Post-Issuance Flexibility

The fifth amendment, Dynamic MPT, would allow issuers to modify select token properties on the XRP Ledger after issuance — including transfer fees, token metadata, and other predefined attributes — without requiring a fresh token issuance.

Governance Process and Recent Context

The proposed release follows shortly after the XRP Ledger activated the fixCleanup3.2.0 amendment, which delivered bug fixes for vaults, the lending protocol, permissioned domains, Multi-Purpose Tokens, and the permissioned decentralized exchange. More than 80% of validators supported that amendment before it was activated, reflecting continued engagement in network governance.

As with previous upgrades, xrpld 3.3.0 will first present the proposed amendments for voting. No amendments are applied immediately upon software release; each must be approved through the network's decentralized governance system. Once an amendment secures at least 80% approval from trusted validators for two consecutive weeks, it is enabled on the XRP Ledger. This governance model is designed to ensure that new features are broadly supported before permanent introduction — and that the decentralized network, rather than Ripple (opensource.ripple.com), ultimately determines which features are activated.