XRP Ledger validators are considering XLS-65 and XLS-66, amendments that would add single-asset vaults and fixed-term lending to the network’s core protocol. Recent tracking shows support at about 37%, or 13 of 35 validators, for SingleAssetVault and 34%, or 12 of 35, for LendingProtocol, below the 80% threshold required for activation. XLS-65 would pool XRP, trust-line tokens or Multi-Purpose Tokens and issue tokenized shares, with vaults configurable as public or credential-restricted private structures. XLS-66 would use those vaults to support fixed-term, uncollateralized loans, while identity checks, credit assessment and underwriting would remain off-chain. The design can include first-loss capital to absorb some defaults before depositors incur losses. Ripple has described lending as an important missing layer for tokenized capital markets and previously joined Clearpool and Cicada Partners on an institutional lending model. Clearpool is testing an RLUSD-denominated working-capital fund on the XRP Ledger development network, with Cicada sourcing and monitoring borrowers and Ripple participating as a limited partner without guaranteeing losses. XRP would continue paying transaction fees and account reserves rather than automatically becoming yield-bearing. Separately, U.S. spot XRP ETFs attracted $110.49 million in the week ending Aug. 28, their strongest weekly inflow of 2026, lifting cumulative net inflows to roughly $1.66 billion. Halborn’s re-audit found no critical or high-risk vulnerabilities, while a related Federal Reserve master-account application remains separate from the lending vote and has uncertain timing.