Ripple Expands XRP Ledger into Institutional Private Credit
Ripple is expanding its XRP Ledger into institutional private credit through a new lending system developed in partnership with Clearpool Finance and Cicada Partners. The plan aims to connect XRPL with a tokenized private credit market valued at over $10 billion, giving real-world businesses access to working capital across regulated institutional lending markets.
The lending system will use the XRP Ledger's base protocol, removing reliance on third-party smart contracts. Loan pools, issuance, repayments, and related activity will all run on XRPL, with each transaction requiring XRP for network fees and wallet reserves.
The system will utilize Ripple's RLUSD stablecoin, which operates under New York Department of Financial Services oversight, with Bank of New York providing custody support. Ripple will also invest in the lending fund under the same terms as other institutions, but will not guarantee returns.
A Mainnet launch will depend on independent validators approving and activating the XLS-65 and XLS-66 amendments through the network's amendment voting process.