An XRP Ledger lending system designed by Ripple for banks and payment companies had 22 validator votes as of the Wednesday covered in a November 12, 2026 PANews report, citing CoinDesk. It had gained support from three additional validators since mid-October but remained seven votes short of the 29 required for activation.
The voting requirement applies separately to the LendingProtocol amendment, its first patch and the accompanying SingleAssetVault amendment: each must receive 29 votes continuously for two weeks. At the time reported, LendingProtocol and its first patch each had 22 votes; SingleAssetVault, which would enable the creation of funding pools, had 23.
Under the proposed design, depositors would place XRP or other tokens in a vault, and loan brokers would lend them for fixed terms. Borrowers would not provide collateral. The design instead relies on off-chain underwriting and risk management—an important distinction from lending mechanisms that enforce collateral requirements on-chain. The reported vote counts do not establish when, or whether, the amendments will activate.
Original reporting: PANews, November 12, 2026, 13:24 (UTC+8).