Clearpool Proposes Migration to XRP Ledger for Institutional Lending

Clearpool, an institutional lending protocol with over $965 million in loans originated since 2021, has announced plans to migrate its entire credit infrastructure to the XRP Ledger (XRPL). This significant move aims to enhance its offerings by introducing a new token, new credit standards, and a Ripple-backed fund targeting fintech borrowers.

The governance proposal for this migration was opened for community discussion on September 11, 2026. If approved, it would mark a major shift in the decentralized finance (DeFi) landscape, as Clearpool would transition from its current infrastructure to a different blockchain.

Details of the Migration Proposal

Central to the proposal is a token swap, where Clearpool's existing CPOOL token will be exchanged for a new CLEAR token at a 1:1 ratio. The initial supply of CLEAR is set at 1.125 billion tokens, with a long-term target of 1.428 billion due to scheduled unlocks. The allocation will see 70% go to existing CPOOL holders, 15% for treasury and partnerships, and the remaining 15% divided between ecosystem incentives and contributors.

To address concerns about potential dilution, Clearpool plans to allocate 50% of all protocol fees toward open-market buybacks and permanent burns of the CLEAR token. Currently, the protocol holds $30 million in Total Value Locked.

Ripple's Role and New Credit Standards

Ripple is participating as a limited partner in a new credit fund focused on RLUSD-denominated institutional loans within the fintech sector, although the specifics of its financial commitment remain undisclosed. Cicada Partners, which has underwritten over $860 million in loans, will manage credit risk assessment and borrower sourcing for this fund.

The migration will also introduce two proposed XRPL standards: Single Asset Vaults (XLS-65) and Lending Protocol (XLS-66), which require 80% validator approval before activation on the mainnet. Until this threshold is met, Clearpool's ambitious product plans remain theoretical.

Strategic Timing for Migration

The decision to migrate to XRPL comes as the blockchain has established itself as a payments-first platform with growing ambitions in tokenized finance. The launch of RLUSD has provided a regulated stablecoin that aligns traditional finance with on-chain settlement, highlighting the institutional demand for on-chain credit that Clearpool has already demonstrated.

For existing CPOOL holders, the proposed 1:1 token swap and the allocation of 70% of the new token supply offer a relatively straightforward transition. However, the expansion of the total supply introduces dilution, which the buyback-and-burn mechanism aims to mitigate. The initial step towards this migration hinges on the validator vote for XLS-65 and XLS-66.