As reported by ChainCatcher on November 12, 2026, citing CoinDesk, Ripple’s proposed XRP Ledger lending system for banks and payment companies had gained three additional validator votes since mid-October. It had 22 votes, seven short of the 29 needed for activation.
The lending system and its companion SingleAssetVault amendment must each maintain 29 votes for two consecutive weeks to activate. In the Wednesday count cited by the report, LendingProtocol and its first patch each had 22 votes; SingleAssetVault, which would create funding pools, had 23.
Under the proposed design, depositors would place XRP or other tokens in a vault, and a loan broker would lend them for fixed terms. Borrowers would not have to provide collateral. That makes off-chain underwriting and risk management a dependency of the design, not a risk control established by the reported vote counts. The report does not provide evidence of how those off-chain processes would perform.
Development was also continuing ahead of the vote: a November 4 code merge request proposed a third lending amendment. The reported counts describe support for the amendments, not their activation.
Source: chaincatcher.com (originally published 2026-11-12 13:25 UTC+8)
