Ripple Joins Clearpool, Cicada to Bring Institutional Lending to XRPL
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10 Articles
Ripple, Cicada, And Clearpool Partner To Deploy Institutional Lending On XRP Ledger
Cicada, Clearpool, and Ripple have announced plans to deploy institutional lending directly on the XRP Ledger. It combines the partners’ unique expertise in credit, underwriting, liquidity provision, and settlement solutions. Ripple, Cicada Credit, and Clearpool Finance have jointly announced a partnership to deploy institutional lending directly on the XRP Ledger (XRPL). It brings together Cicada’s credit and borrower pipeline, Clearpool’s fina…
Ripple Joins Clearpool, Cicada to Bring Institutional Lending to XRPL
Ripple has joined Clearpool and Cicada Partners to bring institutional lending to the XRP Ledger, targeting business financing. The partnership positions XRPL as more than a payments network. It could turn the ledger into a credit marketplace for fintechs and payment firms. Institutional Credit Takes Shape Clearpool brings infrastructure after facilitating more than $930 million in loans since 2021. Cicada adds underwriting expertise, with more …
XRPL Eyes Fixed-Term Lending Through New XLS-66 Standard
TLDR XRPL is considering XLS-66, a lending standard for fixed-term loans funded through pooled assets. The proposal would rely on XLS-65 Single Asset Vaults, where depositors receive shares representing their pool ownership. Loan brokers would manage lending pools, set fees, approve loans, and determine first-loss capital requirements. Credit checks and borrower assessment would remain off-chain rather than using automatic collateral liquidatio…
Key news points: XRPL will receive its first significant deployment of institutional credit thanks to an alliance between Ripple, Cicada Partners and Clearpool. Clearpool facilitated more than $950M in institutional loans since 2021; Cicada Partners has more than $860M subscribed to private credit. Borrowers are Fintechs and payment companies that use RLUSD to meet real working capital needs. Onchain institutional credit market continues to adva…
Ripple, Clearpool and Cicada Bring $930M Institutional Credit Push to XRP Ledger
Key Takeaways: Ripple, Clearpool and Cicada are introducing institutional lending to the XRP Ledger. Since 2021, Clearpool has arranged over $930 million in institutional loans. RLUSD will provide credit for fintech, payment providers and crypto enterprises. User Score8.7 Follow us on Google News Ripple is moving deeper into onchain credit through a new partnership with Clearpool and Cicada Partners, targeting lending backed by real business ac…
Ripple partnered with Clearpool and Cicada Partners to develop institutional credit at XRPL, with loans denominated in RLUSD and aimed at financing working capital at fintechs, payment companies and crypto service providers. *** Ripple, Clearpool and Cicada Partners will develop an institutional lending infrastructure on XRPL. Credits will be denominated in RLUSD and will seek to meet working capital needs. Clearpool will test integration at XRP…
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