Ripple CEO Unveils Roadmap for XRP Ledger Evolution

Overview of the Plan

The plan outlined by Garlinghouse is being implemented against the backdrop of the Evernorth Holdings fund's listing on Nasdaq under the ticker XRPN, to which Ripple allocated 127 million XRP tokens.

Native Credit Infrastructure and On-Chain Yield Tools

According to the CEO's statement, the goal of the partnership is to deploy on-chain and off-chain products capable of making liquidity work. The yield-generation vector outlined by the head of Ripple already relies on the existing hybrid CeDeFi architecture.

Implementation Roadmap

The credit market announced by Garlinghouse technically depends on two code updates that are currently being voted on by the network. The first amendment, XLS-65, is meant to launch single-asset liquidity pools (XRP-only or RLUSD-only), which will protect large funds from impermanent loss risks.

Regulatory Compliance

The second, XLS-66, activates the very mechanism for issuing fixed-term loans. As of mid-October 2026, 50-55% of validators support this key amendment. To launch, the code must stay above the 80% threshold for two weeks.

Embedding Wall Street Rules

Second, embed Wall Street rules into the blockchain. The ledger's unique capabilities that the CEO spoke about are tied to strict compliance in the XLS-66 protocol.

Software Deployment

Third, deploy the accompanying software, and this base is already live on mainnet. The Permission Delegation and Atomic Batch features allow funds to distribute account access rights without handing over private keys, and the MPT standard is already used for tokenizing real-world assets (RWA) in tandem with Ripple's USD stablecoin.

Institutional Participation

Evernorth, Doppler, Clearpool, and Cicada have announced their intention to roll out native lending immediately after its activation in Q4 2026.

Conclusion

The plan outlined by Garlinghouse is a significant development in the evolution of the XRP Ledger. It aims to enhance liquidity, yield generation, and regulatory compliance, while also ensuring capital safety.