RippleX Product Director Confirms Under-Collateralized Loans are Coming to the XRP Ledger
March 24, 2025
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Jasmine Cooper, RippleX’s Director of Product, has disclosed the firm is upholding its ploy to deploy a native lending protocol on the XRP Ledger.
RippleX, a developer-focused business within Ripple, has teased the idea of an XRP Ledger native lending protocol in the past. While it has taken quite a while, Cooper has reiterated the firm’s plans to roll out the product on the L1 blockchain imminently.
Speaking on the Thinking Crypto podcast on Sunday, Cooper mentioned that the team was working to introduce fixed-term, under-collateralized loans on the XRPL network. The all-native lending protocol would allow a variety of novel features on the blockchain, including asset borrowing and lending.
XRP Ledger DeFi Lending Gains Momentum
For the uninducted, RippleX officially announced its active endeavor to create a decentralized finance (DeFi) protocol native to the XRP Ledger that facilitates credits in April, confirming earlier speculations on the venture.
Notably, the peer-to-peer protocol will merge lenders and borrowers, eliminating the need for intermediaries, as seen in traditional finance. Borrowers will have access to pool funds at a preset interest rate and with no collateral, while the liquidity providers earn interest on their deposits of XRPL-native tokens.
The proposed lending protocol will further boost DeFi in the XRPL network, enhancing mainstream adoption. Interestingly, Cooper revealed it aligns with Ripple’s core objective of establishing the three pillars of onboarding traditional finance (TradFi) onto the blockchain.
Ripple’s Core Pillars of TradFi Integration to Blockchain
Since its inception, Ripple has sought to bring TradFi to blockchain. It has pursued this under core pillars such as facilitating cross-border payments, digital asset custody, and stablecoin infrastructure.
Cooper noted that the introduction of a lending protocol rounds off the core pillars of integrating TradFi into the blockchain, which includes support for payments, trading, and credit.
With its cross-border payments gaining strides and XRP Ledger expanding to become an L1 powerhouse, the debut of services that give users access to credits through DeFi lending and borrowing completes the trifecta.
RippleX Role in XRP Ledger Expansion
Notably, the XRP Ledger has gained massive traction recently amid growing interest among institutional and retail participants. The growing user accounts and liquidity on the XRP parent chain support this claim.
According to Cooper, RippleX has played a crucial role in the blockchain’s development, contributing to its core features and capabilities. Furthermore, the firm designs and sees to the implementation of new proposed features along with the XRP community.
Cooper expressed excitement over the XRPL Ethereum Virtual Machine (EVM), which, unlike the mainnet, has certain functionalities and programmability for developers to experiment with. Furthermore, the RippleX executive stressed that this differed from private chains, which allow decentralized applications (dapps) to configure the chain settings as they wish.
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