This On-Chain Vault Could Finally Make Crypto Loans Seem Normal

by

The XRP Ledger is stepping into grown-up shoes, which is what every ledger wants when it grows up: a sense of responsibility, a lot of paperwork, and the faint odor of inevitability. Soil’s new on-chain lending vaults promise to centralize capital, automate loan tracking, and pretend-regulate themselves into something that looks like a regulated credit market at scale.

Soil Introduces Institutional Single Asset Vault for Onchain Lending

Picture a move toward on-chain infrastructure that sounds plausible if you squint and tilt your head just right. ORQO Group, a regulated institutional asset manager with more certifications than a TSA agent, unveiled a Single Asset Vault (SAV) on the XRPL on Feb. 9 via its fintech lending platform, Soil, to nurture the development of compliant on-chain lending structures. It’s the kind of launch that makes you wonder if we’ve finally replaced balance sheets with glossy brochures.

The plan, they say, is to fix the inefficiencies that make institutional fundraising and loan management feel like you’re playing telephone with a jittery mortgage broker. Chief Executive Officer Nick Motz offered a quote that could double as a coffee shop fortune:

“We are on the verge of Web3 supporting real, high volume institutional workflows, not just technical primitives.”

He elaborated with the kind of confidence that makes accountants nod: recording loan activity directly on-ledger while keeping underwriting and risk controls off the ledger makes everything run smoother, like a financial spa day for paperwork. Soil’s press release pitched this as a way to streamline how institutions gather capital and manage on-chain lending activity, positioning Soil as an early adopter of the much-anticipated XLS-66 amendment.

The Single Asset Vault is designed to bring institutional capital into a single XRPL structure, giving a tidy ledger that tracks funds, interest, and repayments while promising fast settlement and predictable costs. The idea is that lenders can pool RLUSD on the XRPL, achieving near-instant settlement and a level of cost transparency that makes you suspect someone finally found the ‘easy’ button for finance.

“By consolidating fundraising into one asset on one ledger, the vault structure reduces operational friction once capital deployment begins,” the team explained, as if friction were the only thing standing between us and a perfectly boring financial future.

Core loan lifecycle events-origination, interest accrual, and repayment tracking-will be handled through the XRPL Lending Protocol once active, while underwriting, borrower assessment, and credit risk management stay off-chain, in keeping with traditional institutional lending standards. Accounting and reporting aim to be derived directly from ledger data, offering continuous visibility into balances, due dates, and exposure without the tedious ritual of manual reconciliation. It’s basically fintech’s version of having a personal trainer for your spreadsheets.

Soil developed the Single Asset Vault under a permissioned hybrid model meant for regulated participation rather than anonymous, full-on DeFi chaos. Identity verification, KYC and KYB processes, and wallet screening get their due, while institutions keep fixed-term lending rules and deployment strategies. The pitch continues:

“Using permissioned SAVs and fixed-term lending rules, Soil aggregates RLUSD from institutional lenders such as family offices and fund managers. The pooled capital is deployed into institutional strategies including money market funds and private credit, with a target yield range of approximately 8% APR.”

The announcement described Soil’s Single Asset Vault as a foundational step toward automated, scalable on-chain asset management. It’s the kind of progress that makes your inner skeptic mutter, “Sure, sure, and if the XLS-66 amendment ever shows up, we’ll consider the curtains drawn.” Meanwhile, Soil has started building and testing the vault on XRPL, with demonstrations planned to show how regulated lending could operate once the amendment goes live. The vibe is hopeful, multilayered, and perhaps a touch caffeine-addled.

FAQ ⏰

  • What is Orqo Group’s Single Asset Vault on the XRP Ledger?
    A permissioned on-chain lending structure that pools RLUSD and records institutional loan activity directly on-ledger.
  • How does Soil keep institutional lending compliant on XRPL?
    A hybrid model with off-chain underwriting, KYC, KYB, and risk controls paired with on-ledger settlement and accounting.
  • What role does the XLS-66 amendment play in Soil’s product?
    The vault is pitched as an early institutional use case for the forthcoming XRPL XLS-66 lending amendment.
  • What yields are Soil targeting with its institutional RLUSD vaults?
    Approximately 8% APR through money market and private credit strategies.

Read More

2026-02-11 07:27