A proposed XRP Ledger lending system designed by Ripple for banks and payment companies had gained support from three additional validators since mid-October, according to a November 12, 2026 PANews report citing CoinDesk. It had 22 votes—seven short of the 29 required for activation.
As of the Wednesday referenced in the report, the “LendingProtocol” amendment and its first patch each had 22 votes. “SingleAssetVault,” the amendment used to create funding pools, had 23. The lending system and the accompanying vault amendment each need 29 votes sustained for two consecutive weeks to activate.
Under the proposed design, depositors would place XRP or other tokens in vaults, and loan brokers would lend them for fixed terms. Borrowers would not have to provide collateral; underwriting and risk management would take place off-chain. The reported vote counts show validator support, not an active lending service or evidence of borrowing demand.
Original report: PANews · Published November 12, 2026, at 13:24 (+08:00).