A lending system designed by Ripple for banks and payment companies had gained support from three additional XRP Ledger validators since mid-October, according to PANews, citing CoinDesk. The PANews report was published on November 12, 2026, at 13:24:56 UTC+8.
In the Wednesday vote count reported by PANews, LendingProtocol and its first patch each had 22 votes—seven short of the 29 required for activation. SingleAssetVault, the related amendment for creating funding pools, had 23 votes. The lending system and SingleAssetVault must each maintain 29 votes for two consecutive weeks to activate. The reported counts therefore did not establish an activation date.
Under the proposed design, depositors would place XRP or other tokens in vaults, and loan brokers would lend them for fixed terms. Borrowers would not have to provide collateral; the system would instead rely on off-chain underwriting and risk management.
These votes measure validator support for the amendments, not lending demand, protocol revenue or value accruing to XRP holders. The report supplies no figures for those valuation inputs, so the vote count alone cannot support a valuation conclusion.