XRP Ledger set for major v3.3.0 upgrade with five powerful new features
The XRP Ledger (XRPL) is preparing for its next major software upgrade, with RippleX Head of Product Jazzi Cooper revealing five protocol upgrades that would give the network much more power on tokenization, institutional finance and real-world asset (RWA) adoption.
The xrpld 3.3.0 release is expected to be released next week. As with all XRP Ledger protocol changes, however, the new features will only be activated once all independent validators are approved by the network via an amendment voting process.
Announcing the new features on X, Cooper said that the XRP Ledger has already demonstrated its ability to support tokenized assets at scale and is expanding to support global transfers, trading, collateralization, and settlement.
The five amendments include Confidential MPT, Batch, Permission Delegation, Sponsored Fees and Reserves, and Dynamic MPT, which will improve the usability of the network for financial institutions and enterprise applications.
The upgrade is coming at a time when there is increasing competition between blockchain networks to attract institutional tokenization projects. Financial firms are in need of blockchain technology to tokenize traditional assets (like government bonds, real estate, equities, and private credit) for payment and to reduce costs.
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