In a report published on November 12, 2026, at 13:25:55 UTC+8, ChainCatcher cited CoinDesk as saying that a Ripple-designed lending system for banks and payment companies on the XRP Ledger had gained support from three additional validators since mid-October. Its “LendingProtocol” amendment had 22 votes—seven short of the 29 needed for activation.
The reported vote counts as of Wednesday were 22 for LendingProtocol and its first patch, and 23 for “SingleAssetVault,” the amendment used to create funding pools. The lending system and SingleAssetVault each needed 29 votes sustained for two consecutive weeks to activate; neither had reached that threshold.
Under the proposed design, depositors would place XRP or other tokens in vaults, and loan brokers would lend them for fixed terms. Borrowers would not have to provide collateral; the system would rely on off-chain underwriting and risk management. Development was still underway before the vote: a November 4 code merge request proposed adding a third lending amendment, not an activated feature.