Clearpool Votes 97% to Move Lending Token to XRP Ledger as Ripple Builds Asia Hub

Clearpool token holders approved a migration to the XRP Ledger with 97.16% support, as Ripple-backed XRP Asia launches and Brazil pilot advances.

Clearpool's token holders have thrown their weight behind a plan to shift the lending protocol's home turf, approving a migration to the XRP Ledger with 97.16% of a governance vote. The move sets up a 1:1 swap of the Ethereum-based CPOOL token for a new CLEAR asset native to the XRP Ledger, though the actual migration is not yet live and is penciled in for the fourth quarter of 2026.

The vote lands alongside a broader push by Ripple and the XRP Ledger Foundation, which on Sunday unveiled XRP Asia, a Singapore-based organization tasked with backing developers, start-ups and community projects across the Asia-Pacific region. The aim is to deepen the network's regional roots in Asia and drive real-world use of the ledger.

Brazil Pilot Puts Fund Shares On-Chain

Institutional groundwork is advancing in parallel. Brazilian market infrastructure provider CSD BR has begun using the XRP Ledger as an additional settlement and verification layer for financial assets, starting with shares in investment funds from bank BTG Pactual. Those positions are represented as Multi-Purpose Tokens on the blockchain, with access restricted to eligible Brazilian corporate and bank clients. Registration, custody and clearing stay entirely within CSD BR's official systems.

Ripple's custody software is keeping pace. Version 1.43 of Ripple Custody added Multi-Purpose Token functions directly into its interface, letting administrators mint, burn and transfer tokens, authorize holders and manage asset-freezing controls.

Lending models are widening too. Ripple president Monica Long pointed to a pilot service that uses XRP as collateral in credit pools for payment loans, with an expansion targeted for 2027. Ripple also released its customary one billion XRP from escrow in early October.

Protocol Votes Stack Up Behind a Delayed Start

On the technical front, several ledger amendments are queued. Activation of PermissionDelegationV1_1, which would let accounts delegate certain permissions without handing over private signing keys, slipped from its earlier schedule and is now aimed at October 8. A day later, on October 9, BatchV1_1 and its companion security fix fixBatchV1_2 are due to follow. All three remain contingent on sustained validator support.

Ripple's institutional ties are widening as well. The company recently deepened its prime-brokerage cooperation with asset manager Brevan Howard to expand services for large investors, though no direct XRP purchases or new positions in the token were agreed under the partnership.

Price Consolidates as Bitget Fallout Lingers

Trading has been muted against that operational backdrop. XRP changes hands at 1.50 USD, up 5.1% from its 50-day average of 1.43 USD but down 18% since the start of the year. The token also sits above its 200-day average of 1.28 USD, even after a modest 0.7% dip on the day.

Sentiment has been weighed down by the aftermath of a September 24 security breach at crypto exchange Bitget, in which XRP holdings, among other assets, drained across multiple blockchains. Blockchain forensics firm Chainalysis attributed the stolen assets to North Korean hackers, while Bitget said the attackers exploited a flaw in external security software.