Ripple Partners with Clearpool and Cicada for Institutional Credit Fund

Ripple has teamed up with lending platform Clearpool and credit manager Cicada Partners to launch an institutional credit fund. The fund will issue working capital loans to fintech and payment firms via the XRP Ledger using the RLUSD stablecoin. Cicada will manage credit risk and borrower screening, Clearpool will provide infrastructure, and Ripple will participate as a limited partner.