Clearpool is moving institutional lending infrastructure onto the XRP Ledger, a network where institutional credit remains largely undeveloped, the company announced Sept. 11.
The expansion includes a token restructuring: CPOOL holders will receive CLEAR tokens in a 1:1 migration, pending community approval via Snapshot vote. The recapitalization funds on-chain lending incentives.
Clearpool said its growth reserves are exhausted and CPOOL supply is nearly fully vested, forcing the overhaul. The new CLEAR token will run a buyback-and-burn program: half of all protocol fees will fund open-market purchases and permanent removal from circulation.
A 14-day community discussion period precedes the tokenholder vote. Until governance concludes, all migration terms—token allocations, supply schedule, treasury recapitalization—remain proposals.
Clearpool's institutional lending platform has facilitated more than $965 million in loans since 2021. The company partners with Ripple and Cicada Partners on loan origination and credit oversight.
The XRPL product will use Ripple's proposed XLS-65 Single Asset Vault and XLS-66 Lending Protocol standards. XLS-65 pools a single asset; XLS-66 handles loan origination, interest calculation, repayment schedules and default conditions. Loans will be denominated in RLUSD.
Underwriting and compliance decisions remain off-chain, with loan terms standardized on-chain. Both amendments require XRP Ledger validator approval before mainnet deployment. Clearpool has been testing integration on Devnet. The mainnet system will leverage XRPL features for participant credentials and permissioned access.
Clearpool's roadmap targets XDC Network and additional institutional ecosystems beyond current networks, with support planned for RLUSD and other institutional stablecoins.
