Decentralized credit platform SOIL has launched a new XRP yield generation vault offering 5% annual percentage rate. The deployment aims to structure institutional-grade return mechanisms directly within the XRPL financial ecosystem.
SOIL has launched an XRP vault offering 5% APR and announced plans to use XLS-65 and XLS-66 for its lending protocol and vaults.
Read more in @Blockworks’ State of XRP: Q2 2026 report:https://t.co/eJ8EAQVYyg pic.twitter.com/k2lcFMncJW
— Soil (@soil_farm) August 28, 2026
The fixed-yield instrument allows XRP holders to deposit tokens into structured private debt strategies. This liquidity framework connects on-chain capital with cash flow generated from real-world enterprise assets.
SOIL confirmed plans to incorporate the proposed XLS-65 and XLS-66 technical standards directly into its pool architecture. This setup will enable non-custodial institutional lending primitives once network validators approve the amendments.
Through its decentralized infrastructure, the institutional private credit protocol aims to channel corporate capital onto the ledger. This expansion aligns with rapid acceleration in tokenized asset issuance across the network.
Stablecoin supply expansion and RLUSD growth
XRPL-native stablecoin supply surged 195.4% quarter-over-quarter to $825.5 million during the second quarter. Growth was led by Ripple USD (RLUSD), which climbed 256.7% to reach $676.9 million on the ledger.
Total RLUSD market capitalization across XRPL and Ethereum reached approximately $1.70 billion. Stablecoin transfer volume rose 207.5% quarter-over-quarter to roughly $10 billion, with RLUSD representing approximately 90% of aggregate quarterly activity.
OKX listed RLUSD across more than 280 spot pairs and enabled the asset for institutional margin collateral. Japanese regulators authorized RLUSD as an electronic payment instrument with local distribution handled through SBI VC Trade.
Tokenized real-world assets reach record valuation
Total tokenized real-world asset value on the ledger reached a record $4.46 billion at quarter-end, gaining 102.5% quarter-over-quarter. Justoken accounted for roughly half of this sum with $2.23 billion in energy-backed JMWH tokens.
Distributed RWA value transferable between external wallets decreased 5.0% to $386.1 million. During the quarter, Ondo, Mastercard, Ripple, and JPMorgan’s Kinexys completed an institutional tokenized US Treasury redemption on XRPL.
Following the quarter, Aviva Investors introduced a tokenized fund share class on the ledger. This institutional momentum coincided with Evernorth securing regulatory approval for its Nasdaq listing under XRPN ticker.
Investment product flows and network activity
Global XRP exchange-traded products recorded $253.6 million in net inflows in Q2, up from $174.8 million in Q1. Total assets under management settled at $1.99 billion following a 19.9% price decline in XRP to $1.04.
Centralized spot and perpetual futures volumes fell 53.5% and 44.0%, respectively. In parallel, spot trading volume across decentralized exchanges on the ledger contracted by 35.9% over the quarter.
Ledger payment volume reached 41.07 billion XRP, down 26.6% from the prior quarter’s record level. Total transactions fell 6.5% and average daily active addresses dropped 10.7%, with average transaction fees remaining at $0.00024.
Validator voting on native lending amendments
Institutional DeFi development progressed after completing independent validator testing, formal modeling, and remediation in version 3.2.0. By late July, XLS-65 and XLS-66 secured 9 and 8 votes out of 35 active validators.
Activating the native lending protocol requires reaching a threshold of 29 validator approvals. Core developers plan to release a follow-on amendment incorporating partner feedback and operational enhancements during the third quarter.
This article is for informational purposes and does not constitute financial advice.
