Ripple proposes the XRPL Lending Protocol (XLS-65, XLS-66) on the XRP Ledger (XRPL), allowing institutions to borrow against tokenized assets held on-chain as collateral. Under the proposal, the blockchain handles loan pools, interest calculations, repayments, and default execution, while credit approval remains with off-chain financial institutions. The protocol is still in the proposal stage and requires approval from XRPL validators before going live; developers can already integrate and test on the testnet. (CoinDesk)

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