Ripple Introduces Institutional XRPL Lending Protocol
Ripple showcases the XRPL Lending Protocol (XLS-65/66), a framework standardizing institutional-grade credit and loan execution natively on the XRP Ledger.
➤ Ripple has introduced the XRPL Lending Protocol (XLS-65/66) to enable institutions to borrow against tokenized assets on the XRP Ledger, aiming to create a credit layer for onchain finance. ➤ The protocol separates off-chain underwriting from on-chain execution, standardizing liquidity pooling, loan origination, and repayment, and is positioned as a more institutionally compatible alternative to existing DeFi lending protocols. ➤ This initiative, which includes proposals for Single Asset Vaults and the Lending Protocol, aims to increase the utility of tokenized assets and boost transaction volumes for XRP and RLUSD, pending validator approval.