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Point of Focus
- Ripple voted to support XLS-65 and XLS-66, advancing native vault and lending functionality on XRPL.
- XLS-65 would let users pool XRP and other XRPL assets in public or permissioned vaults.
- Devnet testing is underway, but adoption, borrower demand and sustainable yields remain unproven.
Ripple has voted to support two XRP Ledger amendments that would bring single-asset vaults and fixed-term lending directly to the network’s protocol layer, potentially expanding XRPL’s role in institutional decentralized finance.
The proposals, XLS-65 and XLS-66, are designed to provide native infrastructure for pooling assets and issuing loans without relying on external smart contracts or cross-chain bridges.
Ripple’s endorsement advances the proposals, but it does not guarantee activation.
Both amendments must secure support from more than 80% of trusted validators for two consecutive weeks before going live on the XRP Ledger mainnet.
Native vaults could support institutional strategies
XLS-65 would introduce Single Asset Vaults, allowing multiple users to deposit one asset type, including XRP, issued currencies or Multi-Purpose Tokens, into a pooled structure.
Depositors would receive tokens representing their proportional ownership of the vault.
🚨BREAKING: RIPPLE VOTES TO ADVANCE SINGLE ASSET VAULT (XLS-65) AND LENDING PROTOCOL (XLS-66)
Ripple voted in favor of Single Asset Vault (XLS-65) and Lending Protocol (XLS-66) amendments, moving them closer to enabling on the XRP Ledger.
Meanwhile, 39% of validators have now… pic.twitter.com/nKGaagryP2
— Rednirav (@CryptoRednirav) August 10, 2026
These shares could later be returned to withdraw the corresponding underlying assets.
Vault operators could create public pools or restrict access through credential-based controls.
Shares could also be transferable or permanently linked to their original holders, enabling configurations ranging from open liquidity pools to permissioned institutional vaults.
XRPL Commons said it voted in favor of XLS-65 after running 257 Devnet tests across transaction types, authorization controls and adversarial scenarios. According to the organization, all tests passed.
Lending protocol targets fixed-term credit
XLS-66 would connect vault liquidity to a native lending system. The framework is intended to support fixed-term loans while allowing underwriting, compliance checks and credit assessments to take place off-chain.
Loan terms, repayment schedules and servicing records could then be managed on the XRP Ledger. This hybrid structure could appeal to regulated institutions that need identifiable borrowers and conventional credit controls.
SOIL has already demonstrated a Devnet application in which users deposit assets into separate vaults and receive proportional ownership tokens. The product cannot launch on mainnet unless validators approve the underlying amendments.
Ripple-backed XRP treasury company Evernorth has also identified the framework as a potential route to generating institutional-grade returns. Actual yields would depend on credit quality, borrower demand, vault conditions and adoption.
Mainnet activation remains uncertain
The vote coincides with the release of XRP Ledger version 3.3.0, which includes work involving lending, confidential transfers, transaction batching and sponsored fees.
Around 39% of validators had reportedly upgraded at the time of the announcement.
— XRPL Commons (@xrpl_commons) March 5, 2026
A software upgrade alone does not activate those features, however. Validators must evaluate and approve each amendment separately.
XRP showed no immediate positive reaction to the development. The asset traded near $1.02, falling approximately 2.2% over 24 hours and 5.7% over the week, as traders waited for stronger evidence that the proposals can reach the required threshold and attract genuine lending demand.
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