Clearpool, Ripple, and Cicada Launch Institutional Lending Market on XRP Ledger

The XRP Ledger is expanding its capabilities beyond payments and token transfers as Clearpool, Ripple, and Cicada work on a new institutional lending market.

This project could bring corporate credit onto XRPL, with loans settled in RLUSD.Vet, the XRPL Foundation community lead and dUNL validator, says institutional “lending is coming.”

Clearpool is building the credit infrastructure using XRPL’s XLS-65 Single Asset Vaults and XLS-66 Lending Protocol.

Cicada will handle borrower's financial position, cash flows, and credit history before determining how much they can borrow and what rate they should pay. Borrowers and lenders will also need to pass KYC and AML checks.

Ripple will provide the XRPL and RLUSD for loan payments and settlements. Ripple will also participate as a liquidity provider, creating lending pools where vetted businesses can borrow RLUSD from institutional lenders and repay the loans with interest.