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Ripple Backs Institutional Credit Fund for Fintech and Payments Companies

Guavy AI Editorial Team
Instruments
XRP LUSD CPOOL
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Ripple has backed a new institutional credit fund that will issue RLUSD working-capital loans to fintech and payments companies through the XRP Ledger.

Cicada Partners, which will source borrowers and manage credit risk, is handling the lending infrastructure along with Clearpool. Ripple's participation as a limited partner does not include a guarantee against losses.

The fund, still in testing on a development network, plans to provide loans denominated in RLUSD, using XRP Ledger features that have yet to be activated on mainnet.

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