The XRP Ledger is advancing its native lending roadmap on multiple fronts, even as the core amendments that would activate the feature remain short of the required validator support. According to XRPL validator and XRP Ledger Foundation Director of Community Hussein Zangana, known as Vet, Lending Protocol v1.1 is expected to ship with XRPL 3.4.0 next week, delivering fixes and improvements to the first version while work continues on Single Asset Vaults.
The official XRPL amendment tracker lists LendingProtocolV1_1 as in development. The revision refines the XLS-66 lending specification and includes changes such as adding a MemoData field to VaultDelete transactions. XRPL version 3.1.0 introduced the code for Single Asset Vaults and the Lending Protocol in January, with the system designed to support fixed-term, uncollateralized loans using pooled liquidity and off-chain credit underwriting and risk management.
However, software introduction does not automatically activate features on the XRP Ledger. Amendments require sustained validator support above 80%. Recent coverage shows that SingleAssetVault and LendingProtocol support still remain below that threshold, meaning native lending depends on governance approval rather than a simple release.
In a separate but related milestone, the fixCleanup3_3_0 amendment went live with 88.57% consensus, securing 31 yes votes out of 35 and passing the two-week activation window. The fix bundle covers Single Asset Vaults, the Lending Protocol, Automated Market Makers, the permissioned DEX, Checks, and pseudo-accounts. Vet called the activation a major boost for the XRPL and thanked validators and infrastructure operators.
Other governance items are also progressing. BatchV1_1, which bundles multiple transactions into a single processed batch and replaces the original Batch amendment after a critical bug, is currently at 71.43% support and nearing the 80% threshold. PermissionDelegationV1_1 has gained 51.43% support after passing an independent security review by Cantina Security and the XRPL quality assurance test suite.
Institutional momentum is building around the planned lending architecture. Ripple, Clearpool, and Cicada Partners are constructing an institutional lending market around the XLS-65 and XLS-66 specifications. Clearpool has facilitated more than $930 million in institutional loans, while Cicada has underwritten more than $860 million in credit, bringing roughly $1.8 billion in combined historical lending and underwriting experience. The model could use RLUSD for institutional borrowing, with Single Asset Vaults providing underlying liquidity.
For XRP holders, the upgrades do not automatically convert holdings into yield-bearing positions. Vaults can be configured to hold XRP, but participation depends on how lending markets are structured and whether the required amendments activate. Still, the steady cadence of revisions signals that the XRP Ledger's expansion beyond payments is becoming more concrete, with validator readiness now the main gating factor.
