Key facts
- The XRP Ledger (XRPL) is preparing for its v3.3.0 software upgrade.
- Five new amendments are proposed for the upcoming release.
- Confidential MPT will introduce privacy features for Multi-Purpose Tokens using zero-knowledge proofs.
- Batch amendment will enable atomic processing of multiple transactions.
- Sponsored Fees and Reserves will allow third parties to cover user transaction costs.
- Dynamic MPT will permit issuers to alter token properties post-issuance.
The XRP Ledger (XRPL) is slated for its next major software upgrade, version 3.3.0, with an anticipated release next week. Jazzi Copper, Head of Product at RippleX, revealed five proposed amendments designed to enhance the ledger's functionality for tokenized assets. These amendments, which will only be enforced after validator approval, aim to facilitate global transfers, trading, collateralization, and settlement of digital assets.
Key among the proposed changes is the Confidential MPT amendment, which leverages elliptic-curve encryption and zero-knowledge proofs to provide native privacy for Multi-Purpose Tokens. This feature will allow issuers and token holders to keep balances and transaction amounts confidential, while designated entities like auditors or regulators can access this information if required. Copper highlighted that such privacy features are often a prerequisite for financial institutions to adopt public blockchain infrastructure.