Clearpool has proposed expanding its institutional lending products to the XRP Ledger while migrating its native CPOOL token to CLEAR at a 1:1 ratio. The expansion relies on the proposed XLS-65 and XLS-66 standards to build native credit rails, supported by a Ripple capital commitment for XRP and RLUSD yield products. To fund future growth, Clearpool plans to recapitalize its treasury, increasing token supply to 1.125 billion CLEAR, while allocating 50% of protocol fees to open-market token burns.
XRPL institutional lending expansion
- ▪The Clearpool governance proposal began with a Snapshot submission on September 11, 2026, initiating a 14-day community discussion period before a tokenholder vote.
- ▪Clearpool plans to build credit products around the XRP Ledger's proposed vault and lending standards to target untapped institutional credit markets.
- ▪Clearpool proposed expanding its institutional lending products to the XRP Ledger as part of a governance proposal announced on September 11, 2026.
CPOOL to CLEAR migration
- ▪Clearpool proposed the treasury recapitalization because 99% of the CPOOL token supply has vested and reserves set aside for growth have been used.
- ▪The Clearpool proposal would raise the token supply from 1 billion CPOOL to 1.125 billion CLEAR at migration, with a vesting schedule increasing circulating supply to 1.428 billion over three years.
- ▪Clearpool proposed replacing its CPOOL token with a new token named CLEAR through a one-to-one migration and treasury recapitalization.
- ▪Under the Clearpool proposal, existing CPOOL holders would receive 70% of the initial CLEAR allocation, with 10% for the ecosystem, 15% for the treasury, and 5% for contributors.
XLS-65 vault standard
- ▪The XLS-65 standard had not completed the validator approval process as of August 2026, meaning mainnet use depends on the XRP Ledger amendment process.
- ▪Clearpool's proposed XRP Ledger expansion relies on the Single Asset Vaults standard, known as XLS-65, which allows funds from several participants to be pooled under defined management rules.
XLS-66 lending protocol
- ▪Under the XLS-66 standard, participating institutions would assess borrowers and set credit terms outside the blockchain, with the ledger recording and managing the resulting loan.
- ▪The proposed XLS-66 Lending Protocol standard on the XRP Ledger would use liquidity from Single Asset Vaults to issue, service, and repay fixed-term loans.
Ripple RLUSD investment commitment
- ▪Standard Custody & Trust Company, a Ripple subsidiary, issues the RLUSD stablecoin under a limited-purpose trust charter supervised by the New York State Department of Financial Services.
- ▪Ripple's commitment builds on an August 2026 arrangement where Ripple, Clearpool, and Cicada Partners announced an institutional RLUSD credit fund to provide working-capital loans.
- ▪Ripple has committed undisclosed capital to support Clearpool yield products denominated in XRP and Ripple USD (RLUSD).
- ▪The RLUSD stablecoin crossed $2 billion in market value in August 2026, with approximately $963 million issued on the XRP Ledger and $1.05 billion on Ethereum.
CLEAR buyback burn mechanism
- ▪The proposed CLEAR buyback and burn mechanism remains subject to governance approval and is not automatic before tokenholders vote.
- ▪Clearpool proposed directing 50% of protocol fees toward buying CLEAR on the open market for permanent token burns to reduce supply.
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