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News
Aug 20, 2026
2min read
byAnjali Belgaumkar
forCoinpedia
<img src="https://xpertsstudio.com/wp-content/uploads/2026/08/XRP-Price-Jumps-10-Flips-BNB-to-Become-the-4th-Largest-Cryptocurrency.jpg” alt=”XRP News: Ripple joins Clearpool and Cicada for XRPL lending” loading=”lazy”>
Ripple has partnered with Clearpool and Cicada Partners to bring institutional crypto lending to the XRP Ledger (XRPL) using native infrastructure rather than third-party smart contracts; Clearpool says it has facilitated over $930 million in institutional loans and Cicada has underwritten over $860 million. Loans will be denominated in Ripple’s RLUSD stablecoin, regulated by the New York State Department of Financial Services and custodied by BNY, with XRP used for settlement and Ripple participating as a limited partner. The Lending Protocol and Single Asset Vault features are still undergoing XRPL governance and testing on a developer network, so a mainnet launch and measurable DeFi adoption impact remain pending.
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Ripple has partnered with Clearpool and Cicada Partners to bring institutional lending to the XRP Ledger, using native blockchain infrastructure rather than third-party smart contracts to connect real-world borrowers with onchain capital.
Three Firms, Three Roles
The structure splits responsibilities across the three companies. Clearpool is building the credit infrastructure layer on XRPL, drawing on the XRP Ledger’s native Lending Protocol and Single Asset Vault features. The company states it has facilitated more than $930 million in institutional loans since 2021, though this figure comes from Clearpool itself and has not been independently verified.
Cicada Partners is handling credit origination and servicing, acting as both fund manager and underwriter. The firm says it has underwritten more than $860 million to date, a figure alsosourcing borrowers, setting loan terms, and monitoring their financial health
Ripple is participating as a limited partner in the credit fund, investing capital on equal terms with other institutional co-investors rather than acting as a guarantor or backstop.
How the Lending Works
Loans are denominated in RLUSD, Ripple’s stablecoin, which is regulated by the New York State Department of Financial Services and custodied by BNY. Borrowers are described as fintech and payment companies using the funds for working capital needs. XRP is used to settle the underlying lending transactions, including fees and reserves.
The companies frame this as a departure from typical decentralized finance yieldng mechanics rather than external lending activity. That framing reflects the companies’ own characterization of the market and has not been independently assessed
Still in Development
The Lending Protocol and Single Asset Vault features are currently going through XRPL’s community governance process and have not yet launched on the network’s mainnet. Clearpool says it is testing the integration on a developer network, with a technical demonstration expected to follow.
Source: cryptorank.io