A lending system designed by Ripple for banks and payment companies had gained support from three additional XRP Ledger validators since mid-October, bringing its vote total to 22, PANews reported on November 12, 2026, citing CoinDesk. That left it seven votes short of the 29 needed to begin the activation process.
In the figures reported as of Wednesday, November 11, the “LendingProtocol” proposal and its first patch each had 22 votes, while “SingleAssetVault,” an amendment for creating funding pools, had 23. The lending system and the accompanying vault amendment must each sustain 29 votes for two consecutive weeks before activation.
Under the proposed design, depositors would place XRP or other tokens in vaults for loan brokers to lend on fixed terms. Borrowers would not be required to provide collateral; underwriting and risk management would take place off-chain.
The vote counts measure validator support for the proposals—not lending activity or user adoption. Original source: PANews, November 12, 2026, 13:24 (UTC+08:00).