XRP Lending Proposal Falters as Validator Support Remains Low
Dr. Kamilah Stevenson, also known as The Wealth Doctor, argues that XRP Ledger's next significant real-world-asset development is not tokenization itself but rather the ability to extend credit against tokenized assets.
According to Stevenson, two proposed features aim to add credit infrastructure to the XRP Ledger: single-asset vaults and a lending protocol. The latter would handle loan issuance, interest, repayment, and defaults through ledger-level rules.
The proposal suggests that credit assessment would remain off-ledger and be performed by licensed financial institutions, while the ledger would execute the resulting loan terms. This distinction matters for institutional use, as regulated lenders may be unwilling to rely exclusively on automated liquidation formulas or algorithmic underwriting they do not control.
Stevenson claims that roughly $3.5 billion in real-world assets have been tokenized on the XRP Ledger, and her argument is that these tokenized bonds, property interests, or other assets remain limited if holders cannot use them as collateral for borrowing.