Ripple and Partners Launch Onchain Lending Model for Institutional Investors

Ripple and two other financial institutions have launched an onchain lending model on the XRP Ledger (XRPL) for institutional investors. The partners, Ripple, Clearpool, and Cicada, aim to provide a new way for fintechs, payment firms, and crypto service providers to access working capital.

The loans will be denominated in RLUSD stablecoin, which is issued by Ripple. Clearpool will provide the lending infrastructure, while Cicada will handle credit underwriting and loan servicing. Ripple itself will invest capital alongside other institutions.

This initiative aims to expand productive onchain credit beyond typical DeFi yield mechanisms. The project is currently in testing and community voting phases on XRPL.