TL;DR
- Clearpool received 97% approval to migrate its Ethereum-based CPOOL token to the CLEAR token on XRP Ledger.
- Each CPOOL will be exchanged 1:1 for one CLEAR, with an estimated circulating supply of 1.1 billion tokens.
- Institutional lending will be denominated in RLUSD, Ripple’s stablecoin. 50% of protocol fees will be allocated to buying back and burning CLEAR.
The Clearpool community approved the migration of its Ethereum-native CPOOL token with 97% of the votes, moving to CLEAR, a new token that will operate on XRP Ledger.
The vote, whose result was released in recent hours, does not mean that the migration has already been executed: token distribution, the actual migration, and the launch of lending activity on XRPL could take place during the fourth quarter of 2026.
Clearpool facilitates institutional private credit and has originated more than $930 million in loans since 2021. The protocol plans a 1:1 token swap, with an initial circulating supply estimated at approximately 1.1 billion CLEAR tokens. The community’s overwhelming approval represents the formal validation of the strategic direction, but the technical and operational details still lie ahead.
🔥 CLEARPOOL EXPANDS TO XRPL 🔥
Clearpool’s community has approved its expansion to the XRP Ledger with 97.16% support, alongside the migration from CPOOL to CLEAR.
Another institutional credit project is moving toward XRPL.
The infrastructure keeps expanding. pic.twitter.com/Du2sXKTzyC
— John Squire (@TheCryptoSquire) October 6, 2026
Clearpool and the Institutional Ecosystem on XRPL
The migration should be understood as part of a broader strategy to develop institutional finance on the ledger. On August 21, Ripple, Clearpool, and Cicada Partners established a credit fund in which Ripple participates as a limited partner, Cicada evaluates borrowers, and Hex Trust provides asset custody. The fund operates with RLUSD, Ripple’s dollar-pegged stablecoin, as the currency in which loans are denominated.
Clearpool’s fee structure will also be significant: the protocol will allocate 50% of its revenue to buying back and burning CLEAR, not XRP. XRP’s role in these operations is limited to paying the ledger’s small network fees, which are automatically burned.
RLUSD, CLEAR, and the Role of XRP
This structure separates three dynamics that can grow in parallel without necessarily reinforcing one another: the adoption of infrastructure on XRPL, the use of RLUSD in lending, and the economics of the CLEAR token.
Growth in lending activity on the ledger does not directly translate into additional demand for XRP, given that neither the loans nor the buyback mechanisms substantially involve the asset.
For Clearpool’s expansion on XRPL to become a genuine catalyst for XRP, the loans would need to incorporate XRP as collateral or the platform would need to generate cross-currency settlement flows involving the token. For now, neither mechanism is part of the announced design.
