# Ripple, Clearpool, and Cicada launch XRPL lending

> Live situation record from CLSTR: https://clstr.news/situations/ripple-institutional-expansion-and-south-korean-partnership
> Updated: 2026-08-19T17:26:40.000Z. Sources: 31. Developments: 2.

Ripple, Clearpool, and Cicada Partners have officially announced their partnership to establish an institutional-grade credit market on the XRP Ledger (XRPL). This initiative aims to transition from speculative DeFi yields toward productive, real-world lending by providing credit to fintechs, payment providers, and crypto-related businesses.

Under the established framework, Clearpool provides the technical infrastructure via the XRPL’s XLS-66 Lending Protocol and XLS-65 Single Asset Vaults. Cicada Partners is responsible for credit underwriting, borrower sourcing, and continuous monitoring. Loans within this market will be denominated in the RLUSD stablecoin. Ripple participates as a limited partner and liquidity provider in the credit fund but does not serve as a financial backstop.

The project is currently in the testing phase on the XRPL Devnet. While integration testing is underway, full deployment on the XRPL mainnet remains contingent upon the successful governance approval and implementation of the XLS-65 and XLS-66 protocol amendments. This expansion follows recent ecosystem developments, including BitPay adding XRP to its self-custody wallet and Ripple Prime securing $275 million in senior unsecured notes to expand its US-based prime brokerage and clearing operations.

## Claims

- Ripple, Clearpool, and Cicada Partners are partnering to launch an institutional lending market on the XRP Ledger. (corroborated by 17 sources)
- Ripple will act as a limited partner and liquidity provider in the credit fund rather than a backstop. (corroborated by 17 sources)
- Clearpool will provide the lending infrastructure using XRPL’s XLS-66 Lending Protocol and XLS-65 Single Asset Vaults. (corroborated by 17 sources)
- Cicada Partners will manage credit underwriting, borrower sourcing, and ongoing credit monitoring. (corroborated by 17 sources)
- Loans within the new credit market will be denominated in the RLUSD stablecoin. (corroborated by 17 sources)
- Clearpool has facilitated over $930 million in institutional loans since 2021. (corroborated by 16 sources)
- Cicada Partners has underwritten more than $860 million in credit. (corroborated by 16 sources)

## Timeline

### 2026-08-19: Ripple, Clearpool, and Cicada partner for XRPL institutional lending

Ripple, Clearpool, and Cicada Partners are launching an institutional lending market on the XRP Ledger, using the RLUSD stablecoin to provide working capital to fintech and payment companies.

21 sources. https://clstr.news/cluster/ripple-expands-institutional-reach-with-jeonbuk-bank-partnership-and-275m-bond-placement

### 2026-08-18: Jeonbuk Bank partners with Ripple for cross-border payments

Ripple has partnered with South Korea’s Jeonbuk Bank to deploy Ripple Payments, enabling near real-time, 24/7 cross-border remittances for businesses, replacing traditional multi-day SWIFT transfers.

18 sources. https://clstr.news/cluster/ripple-partners-with-jeonbuk-bank-for-korean-remittances

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Cite as: Ripple, Clearpool, and Cicada launch XRPL lending. CLSTR, https://clstr.news/situations/ripple-institutional-expansion-and-south-korean-partnership