Ripple is investing as a limited partner in a new institutional credit fund on the XRP Ledger alongside Clearpool and Cicada Partners. The fund will issue working-capital loans in Ripple's RLUSD stablecoin to fintech and payments companies. The system relies on the XLS-65 and XLS-66 amendments, which are currently undergoing validator voting. This development comes as XRP surged 30% in a week to trade around $1.30, fueled by a broader crypto market rally.
RLUSD institutional credit fund
- ▪The RLUSD credit fund will issue and receive repayments in RLUSD, while XRP will be used solely for transaction fees and minimum account reserve requirements on the XRP Ledger.
- ▪Ripple will participate in the RLUSD credit fund on the same terms as other institutional investors and will not guarantee loan losses or provide a special backstop role.
- ▪Ripple is investing as a limited partner in a new institutional credit fund on the XRP Ledger to provide working-capital loans in its RLUSD stablecoin to fintech and payments companies.
XLS-66 lending protocol amendment
- ▪The XLS-66 Lending Protocol amendment is currently undergoing a community and validator voting process for adoption on the XRP Ledger mainnet.
- ▪The institutional credit fund will utilize the XLS-66 Lending Protocol amendment to handle the direct issuance and repayment of loans on the XRP Ledger base protocol.
XLS-65 vault amendment voting
- ▪The XLS-65 Single Asset Vaults amendment is undergoing a validator voting process alongside XLS-66 to enable mainnet launch on the XRP Ledger.
- ▪The institutional credit fund will utilize the XLS-65 Single Asset Vaults amendment to pool capital from multiple lenders under a manager who directs where the funds are allocated.
Clearpool lending infrastructure role
- ▪Clearpool is building the infrastructure to raise and manage the lending pools for the institutional credit fund, and is testing the integration on the XRP Ledger Devnet.
- ▪Clearpool has facilitated more than $930 million in institutional loans since its launch in 2021.
Cicada credit underwriting role
- ▪Cicada Partners will act as the fund general partner and credit-pool manager, sourcing borrowers, setting loan terms, and managing credit risk.
- ▪Cicada Partners has underwritten more than $860 million of credit prior to its collaboration on the XRP Ledger credit fund.
XRP weekly price rally
- ▪XRP surged approximately 30% in a week to trade around $1.30, marking its best run in months amid a broader crypto market rally.
- ▪The broader crypto market rally was catalyzed by Bitcoin rising above $72,000 on August 20, 2026, following a record $2.75 billion short-liquidation event.
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