Ripple has officially voted to support two game-changing amendments on the XRP Ledger – XLS-65 (Single Asset Vaults) and XLS-66 (Lending Protocol) – moving the network closer to native, protocol-level lending infrastructure. The vote comes alongside the release of xrpld version 3.3.0, a major reference server update that introduces a suite of privacy and institutional features for tokenized assets.
According to validator voting data, XLS-65 has reached approximately 40% support while XLS-66 is above 37%. Activation still requires more than 80% of trusted validators to vote in favor for two consecutive weeks, meaning Ripple’s support is significant but cannot pass the amendments alone. The proposals aim to enable fixed-term, institutionally underwritten loans using XRP, RLUSD, and other XRPL-issued tokens, with off-chain credit checks and legal compliance handled by regulated lenders.
On the technology front, xrpld 3.3.0 packages several new capabilities. The ConfidentialTransfer amendment (XLS-0096) uses zero-knowledge proofs and EC-ElGamal encryption to keep individual balances and transfer amounts private while allowing validators to verify supply invariants. Other key features include BatchV1_1 for atomic multi-transactions, Sponsor to let third parties cover fees and reserve requirements, PermissionDelegation for granular account authorization, and DynamicMPT for flexible token management post-issuance.
Security firm Halborn completed a re-audit of the lending protocol, finding no critical or high-risk vulnerabilities. The one medium-risk issue – a scenario where loan interest could push a vault over its asset limit – has been resolved by Ripple. Meanwhile, developers like SOIL are already testing applications on the Lending DevNet, with plans to offer lending markets and tokenized fixed-income products once both amendments are live.
None of the amendments activate automatically. They require separate validator approval under XRPL’s governance model. Node operators are encouraged to upgrade to version 3.3.0 to maintain compatibility, but the new features remain dormant until the voting threshold is met. At press time, XRP traded around $1.02, down about 2.2% on the day, indicating that the market is waiting for final activation and real adoption.
