Ripple Teams Up for Institutional Lending on XRP Ledger
Ripple has formed a partnership with Clearpool and Cicada Partners to bring institutional lending to the XRP Ledger. The companies will work together to connect real-world borrowers with on-chain capital, using native blockchain infrastructure rather than third-party smart contracts.
The structure of the partnership splits responsibilities across the three companies. Clearpool is building the credit infrastructure layer on XRPL, drawing on its expertise in developing financial applications for distributed ledgers.
Cicada Partners will focus on originating and structuring loans, while Ripple provides the underlying technology and network effect to facilitate transactions. This collaboration aims to bring more institutional lending to the XRP Ledger, potentially increasing adoption and usage of the platform.