Ripple Releases XRP Ledger (XRPL) 3.3.0 Upgrade to Boost Privacy & Tokenization: Details

Varinder Singh
Varinder Singh

Varinder Singh

Independent Sr. Journalist
Expertise : Bitcoin, Crypto, Global Macro, DeFi, Blockchain, Web3, US Stocks, AI, Regulations and Lawsuits, & More
Varinder is a seasoned leader in the fintech and crypto media with over 13 years of experience, including over 7 years dedicated to blockchain, crypto, and Web3 developments. He is known for covering high-impact and quality news stories for publishers such as CoinGape, The Coin Republic, and The Crypto Times, while perfecting and training multiple journalists during his tenure. Being a Master of Technology degree holder, analytics thinker, and tech enthusiast, he has shared his knowledge of disruptive technologies in over 6000 news articles and papers.
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Ripple Releases XRP Ledger (XRPL) 3.3.0 Upgrade to Boost Privacy & Tokenization

Highlights

  • Ripple and XRP Ledger Operations announce XRP Ledger v3.3.0 upgrade.
  • Executives and developers claims it as a big update for the XRPL, boosting RWA tokenization.
  • The XRPL upgrade has six amendments to boost institutional adoption and reduce memory usage.
  • XRP futures open interest jumped amid XRP Ledger v3.3.0 announcement.

In big XRP news today, Ripple has officially released a major upgrade to the XRP Ledger (XRPL). The upgrade introduces six key amendments that focus on strengthening privacy, settlement efficiency, operational controls, and asset management.

It comes as part of Ripple’s latest roadmap, placing tokenized real-world assets (RWAs) at the center of its institutional strategy.

XRP Ledger v3.3.0 Upgrade to Boost Ripple’s Position RWA Tokenization

Ripple and XRP Ledger Operations announced xrpld v3.3.0 upgrade, the reference server software that powers the decentralized XRP Ledger (XRPL) network. It marks a major milestone for the XRPL network, positioning the blockchain for greater institutional RWA tokenization use cases.

The upgrade introduces major amendments, along with bug fixes and build improvements. As CoinGape reported earlier, RippleX’s head of product Jazzi Cooper confirmed global tokenized asset transfers, trading, collateralization, and settlement support in the upgrade.

Vijay Khanna, Director of Engineering at Ripple, said “This is a big update for the XRPL!” He revealed that the XRP Ledger upgrade had been in the works for a long time and had undergone multiple rounds of testing, an attackathon, AI scans, and other requirements.

Node operators are urged to upgrade to the new version immediately to ensure service continuity. It will require at least 80% validator support over two weeks to activate the XRPL mainnet to the latest v3.3.0 release.

XRP Ledger Upgrade Details

XRP Ledger Operations revealed six amendments in the 3.3.0 upgrade are available for voting. The amendments are Confidential Transfer, BatchV1_1, DynamicMPT, PermissionDelegationV1_1, Sponsor, and fixCleanup3_3_0.

These will enable encrypted multi-purpose token (MPT) balances and transfers, atomic execution of up to 8 transactions, entity-sponsored fees and reserves, delegation of specific transaction permissions to other accounts, and issuer mutable MPT properties.

The XRP Ledger upgrade also includes a bundle of bug fixes (fixCleanup3_3_0), performance and stability improvements. The upgrade will further reduce memory usage by 10-15% after XRPL upgrade 3.2.0.

J. Ayo Akinyele, head of engineering at RippleX, claimed the upgrade “if approved, would continue expanding the XRPL’s capabilities for tokenized assets and real-world financial use cases.”

XRP Ledger Foundation contributor Vet noted XRPL 3.3.0 as “big,” featuring the world’s first XRPL privacy amendment, trustless swaps, OTC trading for institutions, and monetization of the App.

Mayukha Vadari, staff software engineer at Ripple, revealed other changes in the upgrade. These include improved online delete performance, 60 fixes for bugs uncovered by the AI red team effort, and optimizations to make xrpld easier to maintain.

Will XRP Price Rebound amid Buying in Derivatives Market?

XRP price has dropped more than 2% in the past 24 hours as the Senate delayed Clarity Act vote until September. Ripple’s coin price is currently trading at $1.02, with a 24-hour range of $1.02 to $1.05. Trading volume increased by another 17% in the last 24 hours.

However, CoinGlass data shows significant buying activity in the derivatives market in the last few hours. The total XRP futures open interest jumped more than 0.67% within an hour and 1.02% in 24 hours to $2.35 billion.

Notably, Binance, OKX, Bybit, Gate and other crypto exchanges saw massive buying in the past hour. XRP futures open interest climbed 0.61% on Binance and 2% on OKX.

XRP Futures Open Interest
XRP Futures Open Interest. Source: CoinGlass

Meanwhile, crypto analysts remained bearish on XRP price targeting $0.90, despite Grayscale’s GDLC ETF increasing XRP weight in the fund and growing institutional interest in XRP.

Traders looking to leverage this momentum can compare features on the best crypto derivative futures trading platforms to find competitive funding rates and deep liquidity.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
About Author
Varinder is a seasoned leader in the fintech and crypto media with over 13 years of experience, including over 7 years dedicated to blockchain, crypto, and Web3 developments. He is known for covering high-impact and quality news stories for publishers such as CoinGape, The Coin Republic, and The Crypto Times, while perfecting and training multiple journalists during his tenure. Being a Master of Technology degree holder, analytics thinker, and tech enthusiast, he has shared his knowledge of disruptive technologies in over 6000 news articles and papers.