started · updated
Ripple, Clearpool, and Cicada partner for XRPL institutional lending
Ripple, Clearpool, and Cicada Partners are collaborating to establish an institutional lending market on the XRP Ledger (XRPL). The initiative aims to provide working capital loans to fintech firms, payment service providers, and crypto companies using Ripple’s RLUSD stablecoin as the underlying credit asset.
In this structure, Clearpool will provide the lending infrastructure, utilizing the proposed XLS-66 Lending Protocol and XLS-65 Single Asset Vaults. Cicada Partners will serve as the credit manager, responsible for borrower sourcing, loan origination, and ongoing credit monitoring. Ripple will participate as a limited partner and liquidity provider but will not act as a financial backstop for the fund.
The project seeks to shift DeFi yields from speculative trading-driven activities toward real-world business credit. While integration testing is underway on the development network, the full deployment on the XRPL mainnet is contingent upon the successful governance approval and implementation of the XLS-65 and XLS-66 protocol amendments.
Entities
BitPay · Cicada Partners · Clearpool · Jeonbuk Bank · RLUSD · Ripple · Ripple Prime · XRP · XRP Ledger · XRP Ledger
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 17 SOURCES] Ripple, Clearpool, and Cicada Partners are partnering to launch an institutional lending market on the XRP Ledger. www.btc-echo.de · coinedition.com · cryptobriefing.com · www.cryptoninjas.net · www.nadanews.com · +10 more
- [● 17 SOURCES] Loans within the new credit market will be denominated in the RLUSD stablecoin. www.btc-echo.de · coinedition.com · cryptobriefing.com · www.cryptoninjas.net · www.nadanews.com · +10 more
- [● 16 SOURCES] Clearpool has facilitated over $930 million in institutional loans since 2021. coinedition.com · cryptobriefing.com · www.cryptoninjas.net · cryptonewsland.com · www.sharedeals.de · +9 more
- [● 17 SOURCES] Clearpool will provide the lending infrastructure using XRPL’s XLS-66 Lending Protocol and XLS-65 Single Asset Vaults. coinedition.com · cryptobriefing.com · www.cryptoninjas.net · www.nadanews.com · cryptonewsland.com · +10 more
- [● 17 SOURCES] Cicada Partners will manage credit underwriting, borrower sourcing, and ongoing credit monitoring. coinedition.com · cryptobriefing.com · www.cryptoninjas.net · www.nadanews.com · cryptonewsland.com · +10 more
- [● 17 SOURCES] Ripple will act as a limited partner and liquidity provider in the credit fund rather than a backstop. www.btc-echo.de · coinedition.com · cryptobriefing.com · www.cryptoninjas.net · www.nadanews.com · +10 more
- [● 16 SOURCES] Cicada Partners has underwritten more than $860 million in credit. coinedition.com · cryptobriefing.com · www.cryptoninjas.net · cryptonewsland.com · www.sharedeals.de · +9 more