Clearpool

Ripple, Clearpool, and Cicada Partners announced on August 20 that they will develop a credit infrastructure on the XRPL to connect institutional investor capital to corporate lending. The initiative targets companies that use stablecoins for working capital, including fintech firms, payment companies, and crypto asset service providers, and will use RLUSD as the asset for loan origination and repayment. Clearpool will build the credit infrastructure using the Lending Protocol and Single Asset Vault proposed as native XRPL features, while Cicada Partners will handle loan origination, management, and credit assessment. Ripple will contribute capital as a limited partner alongside other institutional investors. In a joint statement, the three companies noted that an estimated 98 percent of DeFi yields are generated from activities within the crypto asset market, such as looping, arbitrage, basis trading, points programs, and liquidity mining, and said they aim to reduce reliance on these by linking yields to credit based on the real economy.