Clearpool

Clearpool's community has approved, with 97.16% voting in favor, an expansion onto the XRP Ledger and the full migration of its native CPOOL token to a new asset, CLEAR. The institutional credit marketplace is bringing infrastructure to XRPL for financing working capital in the real fintech sector, with the platform providing technology rails and smart contracts, credit manager Cicada Partners auditing borrowers and underwriting risk, and Ripple joining the pools as a limited partner. Financing will be conducted exclusively in the dollar stablecoin RLUSD, giving the coin its first organic circulation among institutional investors, while custody provider Hex Trust will provide additional security and compliance bridges. The 1:1 token migration is scheduled for the fourth quarter of 2026, with the initial supply of the new CLEAR asset rising to 1.125 billion tokens from CPOOL's previous supply of one billion, and 70% of the new supply distributed to current holders at launch to protect against dilution. Half of all fees collected by the platform will go to the open market to buy back and permanently burn CLEAR, and the product relies on the ledger's native standards XLS-65 and XLS-66, which are still being tested on Devnet awaiting approval from 80% of validators before full deployment on the XRPL mainnet.

ClearPool, an institutional lending protocol for cryptocurrencies, unveiled a proposal on the 11th to expand its business to the XRP Ledger. The plan calls for migrating the existing CPOOL token to a new CLEAR token on a 1-to-1 basis while rebuilding the protocol's financial foundation. Under the proposal, 70% of the new token's supply would be allocated to the migration for existing CPOOL holders, with the remaining 30% distributed to the ecosystem, treasury, and contributors. The supply at the time of migration would rise from the current 1 billion CPOOL to 1.125 billion CLEAR, and expand gradually to roughly 1.428 billion over three years. ClearPool intends to build institutional credit products around the new standards proposed for the XRP Ledger, the Single Asset Vault, or XLS-65, and the Lending Protocol, or XLS-66. Neither standard is yet live on the mainnet, and the validator approval process has not been completed. The plan also calls for directing 50% of protocol fees toward buying back CLEAR on the market and permanently burning the tokens. The proposal will not take effect unless it is approved through a governance vote by token holders. Ripple has reportedly committed to investing in ClearPool to develop yield products denominated in the cryptocurrency XRP and the stablecoin RLUSD, but the proposal document does not specify the size of the investment.

Ripple, Clearpool, and Cicada Partners announced on August 20 that they will develop a credit infrastructure on the XRPL to connect institutional investor capital to corporate lending. The initiative targets companies that use stablecoins for working capital, including fintech firms, payment companies, and crypto asset service providers, and will use RLUSD as the asset for loan origination and repayment. Clearpool will build the credit infrastructure using the Lending Protocol and Single Asset Vault proposed as native XRPL features, while Cicada Partners will handle loan origination, management, and credit assessment. Ripple will contribute capital as a limited partner alongside other institutional investors. In a joint statement, the three companies noted that an estimated 98 percent of DeFi yields are generated from activities within the crypto asset market, such as looping, arbitrage, basis trading, points programs, and liquidity mining, and said they aim to reduce reliance on these by linking yields to credit based on the real economy.