XRPL v3.3.0 Proposes Five Institutional Features for Improved Privacy and Settlement

XRP Ledger developers are working on a new software release, xrpld 3.3.0, which includes five proposed amendments to improve privacy, atomic settlement, and institutional onboarding.

The amendments aim to support confidential token transactions using cryptographic proofs, batch transactions for delivery-versus-payment and atomic settlement, delegated permissions, sponsored costs, and adjustable token properties.

Jazzi Cooper, head of product at RippleX, said the proposed changes will move the network closer to supporting global transfers, trading, collateralizing, and settling tokenized assets.

The amendments must pass through the XRP Ledger's validator-governed approval process, which requires at least 80% support from trusted validators for two consecutive weeks before taking effect.