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Ripple Private Credit Partner Clearpool Finalizes Token Move to XRP Ledger

Ripple Private Credit Partner Clearpool Finalizes Token Move to XRP Ledger

UTodayUToday2026/10/05 09:33
By:UToday

Institutional credit marketplace Clearpool is officially changing its blockchain home as it prepares to replace its key asset. The project's community has overwhelmingly approved — with 97.16% voting in favor — a major expansion onto the XRP Ledger (XRPL) and the full migration of its native CPOOL token to a new asset, CLEAR.

The move closes the strategic discussion phase and formally establishes the framework for an alliance with Ripple in the rapidly growing sector of on-chain lending backed by real-world assets (RWA Private Credit).

Unlike traditional DeFi protocols built around speculative loans collateralized by volatile crypto assets, Clearpool is bringing infrastructure to XRPL for financing working capital in the real fintech sector.

The deal's structure is pragmatic: the platform provides the technology rails and smart contracts, credit manager Cicada Partners audits borrowers and underwrites risk, while Ripple joins the pools as a limited partner.

Financing will be conducted exclusively in the dollar stablecoin RLUSD (Ripple USD), giving the coin its first organic circulation among institutional investors. Custody provider Hex Trust, a longtime Ripple partner, will provide additional security and compliance bridges for the arrangement.

Why replace one token with another? (And what does fee burning have to do with it?)

The 1:1 token migration is scheduled for the fourth quarter of 2026. The team is combining the process with a recapitalization: the initial supply of the new CLEAR asset will rise to 1.125 billion tokens, compared with CPOOL's previous supply of one billion. To protect investors from dilution, 70% of the new supply will be distributed to current holders at launch. 

Developers plan to balance the remaining supply with a strict deflationary mechanism: exactly half of all fees collected by the platform will go to the open market to buy back and permanently burn CLEAR.

The technological foundation for the expansion is also being built with future growth in mind. The product relies entirely on the ledger's native standards — XLS-65 (regulated single-asset pools) and XLS-66 (an unsecured lending protocol). In early October, these amendments are still being tested on Devnet, awaiting the required approval from 80% of validators before full deployment on the XRPL mainnet.

Clearpool weekly price chart shows a bullish breakout attempt above key moving averages on October 5, 2026, Source: TradingView

The market, however, reacted to the vote's outcome well in advance. TradingView charts show that CPOOL has firmly broken out of a year-long accumulation range of around $0.013–$0.020 and reached $0.036554. The current bullish momentum has pushed the price above the medium-term moving average at $0.028192, turning it into a strong support level. 

With the asset swap approaching in the fourth quarter, the nearest significant target for buyers remains the long-term resistance zone around $0.101003.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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