XRP Ledger Lending Proposal Gains Momentum As Validators Move Closer To Approval
Summary
As of November 11, the XRP Ledger’s LendingProtocol amendment had 22 of 35 trusted validators supporting it, while SingleAssetVault had 23; both need 29 votes held for 14 consecutive days to activate. The proposals would enable shared asset vaults and fixed-term loans, with brokers—not the protocol—handling borrower assessment and first-loss risk. The system could broaden XRPL’s institutional finance capabilities, but adoption and any effect on XRP demand or price remain uncertain. XRP was trading near $1 amid a wider market correction.
