Clearpool, a decentralized marketplace focused on on-chain institutional credit, has outlined plans to extend its lending stack to the XRP Ledger. The firm positions the move as its next growth chapter, arguing that XRPL is a mature network whose institutional credit market remains comparatively undeveloped.
Rather than simply porting existing products, Clearpool intends to build lending infrastructure that sits on the ledger’s own proposed primitives.
Those primitives are Single Asset Vaults (XLS-65) and the Lending Protocol (XLS-66).
Vaults would pool a single asset under defined management rules.
The lending standard would then use that pooled liquidity to originate, service, and repay fixed-term loans at the protocol level, with issuance, interest, repayment, and accounting handled as ledger operations rather than as conventional smart-contract logic.
Loans on the new stack are expected to be denominated in RLUSD, Ripple’s regulated dollar stablecoin, with institutional custody support from Hex Trust.
The XRPL effort builds on an earlier collaboration. Clearpool supplies the marketplace and vault infrastructure.
Cicada Partners sources borrowers, underwrites credit, sets covenants, and monitors risk.
Ripple participates as a limited partner in the credit fund on the same terms as other investors, rather than as a backstop.
Clearpool says it has originated close to $1 billion in institutional loans since 2021, while Cicada cites more than $860 million in underwritten credit.
Together they present the XRPL deployment as a way to bring real-world, compliance-aware lending to a network that already embeds identity and permissioning features.
To fund incentives and expansion, Clearpool has put a governance proposal before tokenholders.
The plan pairs a treasury recapitalization with a 1:1 migration from CPOOL to a new token, CLEAR.
About 70 percent of the new supply would go to existing holders.
The remainder would be split among treasury, ecosystem, and contributors, lifting total supply modestly above the current one billion CPOOL.
Protocol fees would later support open-market buybacks and burns.
The vote is slated for Snapshot, and the company has framed the token change as inseparable from the XRPL product push rather than a standalone rebrand.
Mainnet launch still depends on XRPL validators approving the XLS-65 and XLS-66 amendments.
Related credit fund activity has already been tested on a development network.
Clearpool currently operates across several chains, including Ethereum, Optimism, Base, Arbitrum, Mantle, and Plume, and markets products ranging from T-bill-backed treasury pools to permissioned institutional credit and revolving facilities for real-world commerce.
The XRPL work is presented as an extension of that multi-chain liquidity layer into a network where settlement, compliance, and lending can sit closer to the base protocol.
If the standards activate and the community approves the token plan, Clearpool would become one of the first teams to run institutional-grade credit rails natively on XRPL.
The pitch is straightforward: pair an established credit marketplace with ledger-level vaults and loans, settle in RLUSD, and open a channel for fintech and payments firms that need short-term working capital on a network built for institutional settlement.
