XRP Gets Another Boost Through Ripple Deal With Florida Athletics
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Ripple plans to introduce an institutional-grade lending protocol on XRPL, allowing financing using tokenized assets as collateral.
According to ChainCatcher, Ripple is pushing to add a new layer of lending infrastructure on top of the XRP Ledger (XRPL), enabling institutions to raise funds using on-chain tokenized assets as collateral. The protocol will automatically execute loan terms, while credit assessment and lending decisions will still be completed off-chain. The proposal, named the XRPL Lending Protocol (corresponding to the XLS-65 and XLS-66 standards), is currently in the draft stage and requires validator approval before being launched on the mainnet. However, it is already open for developer testing on the test network. The protocol design splits the lending process into two parts: on-chain mechanisms for pool management, interest calculation, repayment execution, and default handling; while borrower credit assessment and loan term setting remain with traditional financial institutions to adapt to compliance requirements in different jurisdictions. Ripple stated that this mechanism primarily targets short-term liquidity needs of institutions, such as in cross-border payment scenarios, where temporary financing using stablecoins or collateralized assets can be obtained before settlement, improving capital efficiency. Analysts believe that this solution attempts to introduce a "rule-based lending infrastructure" similar to traditional finance while maintaining the open network attributes of XRPL. However, it still faces competition from mature on-chain lending protocols such as Aave, Compound, and Maple.
Ripple launches the XRPL lending protocol, which developers can now access and test on the testnet.
According to Mars Finance, on June 29th, Ripple launched the XRPL Lending Protocol, providing on-chain credit infrastructure for tokenized assets. The core principle of this protocol is that credit assessment remains off-chain, with only the execution phase standardized on-chain. Institutions handle underwriting and compliance reviews themselves, while the protocol is responsible for standardizing the execution of liquidity pooling, loan disbursement, repayment, and default handling. The protocol consists of two parts: a Single Asset Vault, used for on-chain pooling and managing single assets; and a Lending Protocol, which disburses vault liquidity as loans with clearly defined terms. These correspond to the XLS-65 and XLS-66 proposals respectively and still require validator approval. The protocol supports a subordinated capital mechanism at the infrastructure level, with the pool manager assuming risk exposure prior to other liquidity providers. Developers can currently integrate and test the protocol on the testnet.
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