XRP Ledger is pushing a new set of network changes aimed at institutional users. According to CoinDesk, the blockchain’s latest 3.3.0 release includes six proposed amendments designed to support a growing pool of tokenized real-world assets, or RWA, that already exceeds $1 billion on-chain.
Six proposed amendments in XRPL 3.3.0
The six amendments target areas that matter to institutions, including privacy, transaction handling, fee management, delegated permissions, and token administration.
- Confidential Transfers: would encrypt balances and payment amounts for multi-purpose tokens while keeping account identities and token types visible, using cryptography to verify transfers without exposing the numbers involved.
- Batch: would allow up to eight transactions to be bundled together, with support for all-or-nothing execution.
- Sponsor: would let one account cover fees and reserve requirements for another account.
- Permission Delegation: would allow an account to authorize another party to submit only specific types of transactions.
- Dynamic MPT: would let issuers modify token properties after issuance.
- Memory optimizations: a set of changes that could reduce memory usage by 10% to 15%.
None of the amendments have gone live. Each one requires backing from 80% of validators for two consecutive weeks before activation.
On-chain RWA on XRPL totals about $1.38 billion
The upgrade push comes as the scale of real-world assets on XRP Ledger has become more substantial. The chain currently holds about $1.38 billion in RWA, with stablecoin RLUSD accounting for $845.7 million.
Excluding RLUSD, more than $530 million is spread across institutional products, including $212.6 million from Ondo, $116.1 million from VERT Capital, $55.4 million from Archax, and $11.6 million from Societe Generale.
Institutional issuers are already building on XRPL
In July, asset manager Aviva Investors also launched a tokenized U.S. dollar liquidity fund share class on XRP Ledger.
The figures, according to the report, show XRPL trying to shift from a payments-focused network into infrastructure for institutionally issued tokenized assets.