# Former RippleX Head Calls XRP Institutional Collateral a 'Killer Use

**Published:** 2026-09-15T13:30:02.914Z  
**Topic:** Ripple Xrp  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/bcf136d7-385d-4876-bfba-851d24011e17

RippleX's Jazzi Cooper says using XRP as institutional credit collateral is a "killer use case," enabled by XLS-65 and XLS-66 lending protocols now in

Jazzi Cooper, former Head of Product at RippleX, stated that using XRP as collateral for institutional credit represents a "killer use case" for the token, a development that could expand XRP's utility beyond its traditional role in cross-border payments [2, 3]. This potential shift is supported by the ongoing development of the XRP Ledger's (XRPL) lending infrastructure, specifically the XLS-65 and XLS-66 amendments [1, 4].

| At a glance | |
|---|---|
| Current Price | ~$1.37 [2] |
| Key Resistance | $1.55 [2] |
| Catalyst | RippleX exec identifies institutional collateral as "killer use case" [2] |
| Infrastructure | XLS-65 and XLS-66 lending protocols in development for XRPL [4] |

## XRP as Institutional Collateral

Cooper's comments, made on X, highlighted that the XLS-65 and XLS-66 lending protocols are designed to enable this functionality on the XRP Ledger [2, 4]. XLS-65, the Single Asset Vault amendment, provides a framework for combining assets from multiple depositors, intended for use with the on-chain Lending Protocol [1, 3]. XLS-66, the Lending Protocol, facilitates on-chain, fixed-term, uncollateralized loans using pooled funds from Single Asset Vaults, relying on off-chain underwriting for credit assessment [1, 3]. These amendments are currently in the voting process for full mainnet activation [4].

The concept allows market makers and institutional traders to post XRP as collateral to secure credit lines without liquidating their positions, effectively treating XRP as productive working capital [2, 4]. This resembles collateral transformation in traditional finance, where an asset supports access to a more liquid funding instrument [4]. Ripple Prime already accepts XRP as eligible collateral alongside other assets like Bitcoin and fiat [2]. A September 8 SEC filing from Charles Schwab also indicated increasing use of XRP ETFs as repo collateral [2].

## Lending Protocol Development and Market Context

The XRP Ledger Lending Protocol is set to receive a v1.1 update in XRPL 3.4.0 next week, which will include improvements and fixes, such as the addition of a 'MemoData' field to the 'VaultDelete' transaction [1, 2, 3]. Developers anticipate regular updates for both Lending and Single Asset Vault features [1, 3].

Institutional partners are already engaging with the developing infrastructure. Clearpool has originated over $930 million in institutional loans, and Cicada Partners has underwritten more than $860 million, totaling nearly $1.8 billion in combined track record for deployment on XRPL [2]. The RLUSD stablecoin, with a market cap near $2.42 billion, is expected to provide complementary liquidity [2].

XRP was trading near $1.37 at the time of reporting [2]. Technical analysis suggests that reclaiming the $1.55 resistance level is crucial for bulls to avoid a deeper retracement [2]. A weekly close above $1.55 could open a path toward $2 and potentially the $3.66 all-time high, while failure to break higher might send the price back toward the $0.70-$0.95 demand zone [2].

## What to watch

*   **Validator Approval:** Monitor the progress of XLS-65 and XLS-66 amendments through the XRPL development and governance process, as full mainnet activation requires validator approval [4].
*   **XRPL 3.4.0 Release:** Observe the release of XRPL version 3.4.0 next week, which will include the Lending Protocol v1.1 update and its impact on the lending infrastructure [1, 2, 3].
*   **Institutional Adoption:** Track further announcements from institutional partners like Clearpool and Cicada Partners regarding their deployment of lending solutions on XRPL [2].

The potential for XRP to serve as institutional collateral marks a significant evolution in its utility, moving beyond its initial focus on cross-border payments to a more integrated role within on-chain finance, contingent on the successful implementation and adoption of the underlying protocol amendments.

## Sources
1. Tradingview — [Ripple Exec: XRP's 'Killer Use Case' Lies in Institutional Collateral — TradingView News](https://www.tradingview.com/news/u_today:38e11231f094b:0-ripple-exec-xrp-s-killer-use-case-lies-in-institutional-collateral/)
2. BeInCrypto — [Former RippleX Executive Says XRP Has a “Killer Use Case”](https://beincrypto.com/ripple-xrp-use-case-institutional-collateral/)
3. U.Today — [Ripple Exec: XRP's 'Killer Use Case' Lies in Institutional Collateral - U.Today](https://u.today/ripple-exec-xrps-killer-use-case-lies-in-institutional-collateral)
4. Coinpaper — [RippleX Calls XRP Collateral a ‘Killer Use Case’ for Institutional Credit](https://coinpaper.com/35673/ripplex-calls-xrp-collateral-a-killer-use-case-for-institutional-credit)

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Cite as: TrendWatcher, "Former RippleX Head Calls XRP Institutional Collateral a 'Killer Use", https://www.trendwatcher.in/article/bcf136d7-385d-4876-bfba-851d24011e17