Ripple Prime International CEO Mike Higgins, speaking at the Ripple Quarterly Webinar hosted by Token Relations on June 22, 2026, declared that the boundaries between traditional finance and digital assets are rapidly dissolving. In a follow-up X post, Higgins stressed that RLUSD and XRP are already being employed as collateral, with institutions clamoring for round-the-clock capital mobility. "Much more to come from us this year," he affirmed, teasing an expanded institutional product stack.
In another pivotal advance, Ripple has secured preliminary approval for a Crypto Asset Service Provider (CASP) license from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF) under the EU’s Markets in Crypto Assets (MiCA) regulation. Simultaneously, Ripple Prime has been listed on the NSCC Clearing Directory, marking a key milestone for institutional integration.
On the technical front, the XRP Ledger Lending Protocol – a DeFi primitive enabling on-chain, fixed-term, uncollateralized loans via Single Asset Vaults – has passed a re-audit by cybersecurity firm Halborn. RippleX and Common Prefix are set to carry out formal verification of the XRPL consensus mechanism, while critical components of the Lending Protocol will be formally verified in Lean4.
The lending protocol’s first application is moving into view. SOIL, an institutional lending protocol that handles USDC, RLUSD, and XRP, has announced plans to integrate the XRPL Lending Protocol and SAV, aiming to become the inaugural provider of native lending and yield products on the XRP Ledger. To enable the upgrade, SOIL has proposed the immediate activation of standards XLS-65 and XLS-66.
Ripple executive Reece Merrick confirmed the development, stating that a new generation of lending and yield products is coming directly to the XRP Ledger. While no official launch date has been set, Merrick’s comments have ignited optimism across the XRP community. Vet, an XRPL validator and community director at the XRPL Foundation, described the current phase as a “very healthy tune of security and use case development,” emphasizing that it represents a continuous framework for evolving the ledger while preserving safety.
