Ripple product head Jazzi Cooper has identified institutional credit used as collateral for XRP as a « killer use case » for the XRP Ledger. The XLS-65 (Single Asset Vault) and XLS-66 (Lending Protocol) amendments provide the lending infrastructure on XRPL, enabling on-chain, uncollateralized loans using pooled funds. A Lending Protocol V1.1 update will be deployed in XRPL 3.4.0 next week. In August 2026, Ripple, Cicada Partners and ClearPool partnered to develop institutional lending on the XRP Ledger, and ClearPool has just announced a new expansion phase on this network.
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