The XRP Ledger’s reference server software, xrpld version 3.3.0, is now available. This release packages several proposed protocol amendments focused on privacy, operational efficiency, and support for institutional use of Multi-Purpose Tokens (MPTs), the ledger’s standard for tokenized financial instruments such as funds and bonds.
These changes arrive as the network already hosts substantial volumes of tokenized real-world assets. Among the amendments is ConfidentialTransfer (also referred to as Confidential Transfers under XLS-0096).
It enables holders of Multi-Purpose Tokens to keep individual balances and transfer amounts private through EC-ElGamal encryption combined with zero-knowledge proofs.
Accounts and token types remain visible on the public ledger, while the numerical details stay shielded.
Validators can still confirm that transactions are valid and that supply invariants hold without ever seeing the underlying amounts.
Public and confidential balances of the same token can coexist, and holders may convert between the two forms.
In its initial scope the feature applies only to direct payments between accounts and does not yet support the built-in decentralized exchange, escrow, or checks.
Holders must opt in. Supporting institutional workflows, the release also includes BatchV1_1, which allows an account to submit up to eight inner transactions that can execute atomically (all succeed or none do).
The Sponsor amendment lets one party cover another account’s transaction fees and reserve requirements, removing the need for every new participant to hold XRP beforehand.
PermissionDelegation (updated version) enables granular, limited authority so that one account can authorize another to submit only specific transaction types.
DynamicMPT gives issuers greater flexibility to adjust certain token properties after issuance.
A fixCleanup package bundles various bug fixes.
Performance improvements accompany the new features.
Memory usage is reduced by at least 10–15 percent in typical configurations, and node synchronization has been enhanced.
The software also retires several long-active amendments, incorporating them permanently into the protocol.None of the new amendments activate automatically.
Under the XRP Ledger’s governance process, each requires continuous support from at least 80 percent of trusted validators for two weeks before it can take effect on the mainnet.
Operators running ledger servers are encouraged to upgrade promptly to maintain compatibility.
These updates build on the ledger’s growing role in tokenized finance.
Independent on-chain data trackers have reported more than $1.38 billion in distributed real-world assets on the network, with a substantial share outside Ripple’s RLUSD stablecoin exceeding $530 million and concentrated among a limited number of institutional issuers.
Recent launches, such as tokenized fund share classes, illustrate ongoing institutional engagement.
The combination of privacy-preserving transfers, batching, sponsorship, and flexible token controls aims to lower barriers for regulated entities seeking the settlement speed and transparency of a public blockchain while protecting sensitive position data. Once the voting period concludes, the practical adoption of Confidential Transfers by existing issuers will provide the clearest test of the new capabilities.