As reported by BlockBeats on November 12, 2026, an XRP Ledger lending proposal aimed at banks and payment companies had gained validator support but had not reached the threshold for activation.
As of Wednesday, the lending amendment and its first patch each had 22 votes, up from 19 on October 19. The SingleAssetVault amendment, which would provide funding pools for lending, had 23 votes. Each feature needs support from at least 29 of the 35 validators on the default list, sustained for two weeks, before it can be enabled.
Under the proposed system, lenders could deposit XRP or other tokens into vaults. Loan brokers would then issue fixed-term loans without requiring borrowers to provide collateral. The reported vote counts describe progress toward activation, not an enabled lending system.
Original report: BlockBeats ยท Published November 12, 2026, at 13:23 (UTC+8).