As reported by ChainCatcher on November 12, 2026, at 13:25 (UTC+8), citing CoinDesk, a lending system designed by Ripple for banks and payment companies had gained support from three more XRP Ledger validators since mid-October. That brought its vote count to 22—seven below the 29 required for activation.
The lending system and its accompanying SingleAssetVault amendment must each receive 29 votes for two consecutive weeks to activate. In the Wednesday figures cited by the report, LendingProtocol and its first patch each had 22 votes, while SingleAssetVault, which would create funding pools, had 23. The amendments therefore had different remaining vote gaps.
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 have to provide collateral; the system would instead rely on off-chain underwriting and risk management.
Developers were also advancing related work ahead of voting. A November 4 code merge request proposed adding a third lending amendment; the report did not say it had been activated.