XRPL adds native lending and credit protocols to its institutional DeFi stack

XRPL's lending protocol is implemented as native ledger objects via the XLS-65 Single Asset Vault and XLS-66 Lending Protocol amendments, not smart contracts, with XLS-66 currently in voting and subject to validator approval. Vaults pool one asset, issue LP tokens, and support permissioned or permissionless access; XLS-66 adds LoanBroker registration, on-chain loan objects with principal, tenor, interest and amortization, and default handling via first-loss liquidation. Underwriting and collateral management remain off-chain with institutions. The author says XRPL ranks among the top three chains for RWA tokenization.

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• Institutional Adoption
• DeFi