Ripple Taps Clearpool and Cicada to Bring Institutional Credit to XRP Ledger

Ripple has formed a partnership with Clearpool and Cicada Partners to launch institutional credit on the XRP Ledger (XRPL). This collaboration aims to bring business financing to XRPL, positioning it as more than just a payments network.

The partnership will use the XLS-66 Lending Protocol and Single Asset Vaults to create curated credit pools. Clearpool brings infrastructure expertise with over $930 million in loans facilitated since 2021, while Cicada Partners adds underwriting experience with over $860 million underwritten.

Ripple will participate as a fund investor alongside institutions, rather than providing a backstop. The model will use the RLUSD stablecoin for loans supporting working capital needs, which operates under NYDFS regulation and uses BNY custody.