XRP Ledger Amendments Fuel Institutional Adoption

The XRP Ledger is experiencing significant changes with the introduction of two amendments: XLS-65 and XLS-66. Together, they form the XRPL Lending Protocol, which allows for single asset vaults to be created and used to fund fixed-term, fixed-rate loans.

XLS-65 introduces Single Asset Vaults that pool assets such as XRP or RLUSD from multiple depositors, while XLS-66 uses the liquidity in those vaults to fund loans. The blockchain handles interest accrual, repayment enforcement, and default processing, with credit decisions remaining off-chain.

This design targets regulated financial institutions directly, and Evernorth has already announced its intent to use XLS-66 as a core part of its digital asset strategy.

The amendments are currently being voted on by validators, with 40% support for XLS-65 and over 37% for XLS-66. Activation requires sustained support from over 80% of trusted validators for two consecutive weeks.