The XRP Ledger moved a step closer to native on-ledger lending as LendingProtocolV1_1 opened for validator voting, according to The Crypto Times (Iyiola Adrian / edited Shubham Soni, Oct. 1, 2026), citing a RippleX (@RippleXDev) note from Sept. 30. The amendment adds rules for closed-ended vaults — with fixed subscription, investment, and redemption stages — and switches loan interest to cash-basis accounting (recorded only when the borrower pays, not when a loan is created).

Open-ended vaults can still hold pooled assets, but under the new rules they cannot create new loan brokers. Closed-ended vaults lock the share count during the investment stage so latecomers cannot mint into already-earning loans. Borrower credit checks stay off-ledger; loan creation, repayments, and defaults are designed to settle on-chain.

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Vote open ≠ lending live

Mainnet lending still needs three amendments together: LendingProtocolV1_1, LendingProtocol, and SingleAssetVault. XRPL amendments typically need roughly 80% of validators for about two weeks before enabling. The vote follows xrpld 3.4.0 / 3.4.1 work that introduced the lending framework — a protocol process, not a price catalyst. Live marks Thursday morning (~9:13 a.m. MT via Robinhood) put XRP near $1.48, BTC near $84.0K, ETH near $2,685, SOL near $117. Not investment advice.

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