Ripple plans to invest as a limited partner in an institutional credit fund to lend its RLUSD stablecoin to fintech companies for working capital, as Clearpool announced an expansion onto the XRPL (XRP Ledger) in a governance proposal on September 11, 2026.

Developed in partnership with Cicada Partners and Hex Trust, this initiative aims to create the first institutional credit product on RLUSD.

Alessio Quaglini, co-founder of Clearpool and also CEO and co-founder of Hex Trust, gave this exclusive comment to CryptoNews.com regarding the announcement.

“We’re incredibly excited about this development. This initiative is a major milestone because it marks the very first institutional credit product built natively around Ripple’s new RLUSD stablecoin.” Quaglini said.

He added, “Ultimately, what we hope to achieve together is to unlock highly efficient, transparent working capital for fintechs while providing secure, compliant yield opportunities for institutional lenders.”

How the Proposed RLUSD Credit Rails Would Work Between Clearpool and XRPL

Clearpool’s plan separates the plumbing from the underwriting. Clearpool says it will build and operate curated credit vaults using XLS-65 Single Asset Vaults, a standard that pools deposits from multiple lenders into token-specific vaults with optional permissioning.

Loans would then be issued, serviced, and repaid through the XLS-66 Lending Protocol, which is designed to handle fixed-term, uncollateralized credit directly at the ledger level rather than through a smart contract.

Cicada Partners would sit on top of that infrastructure as the credit manager, sourcing borrowers, setting loan covenants and monitoring repayment health; the firm says it has underwritten more than $860M to date.

Ripple would provide capital as a limited partner alongside other institutional investors. Hex Trust is the designated institutional custodian partner, and these mechanics matter for a stablecoin regulatory landscape that is still taking shape globally.

Ripple, Cicada Partners, and the First Credit Fund on the XRP Ledger

The proposal clearly defines responsibilities: Clearpool serves as the infrastructure for loan origination, servicing, and repayment, while Cicada selects borrowers.

Ripple’s role is narrower: it functions as a limited partner alongside other institutional investors, providing capital without guaranteeing against losses. This clarifies Ripple’s financial commitment and confirms it is not a backstop for borrowers.

Clearpool highlights RLUSD’s growth as justification for the project, noting over $2.3Bn in circulation within two years, reflecting an established depositor and borrower base around the stablecoin.

Institutional interest in XRP-related products has grown, as shown by recent XRP ETF inflows, with yesterday (September 14) finishing with $11.26M in positive flows, per CoinGlass data.

Why Clearpool Is Betting on XRP Ledger Now

Clearpool aims to become the Morpho of private credit on the XRPL by using independent curators for isolated XLS-65 vaults, directing capital to borrowers through XLS-66.

This approach runs alongside the existing EVM-based Clearpool marketplace. With the XRPL’s late-2025 upgrade introducing native lending and compliance tools, Clearpool believes that early establishment can yield significant network effects.

Recent discussions about large XRP holder movements indicate growing institutional interest in the ledger. However, RLUSD holders and payments fintechs remain a targeted user base, without confirmed depositors and borrowers in operational vaults.

The post Clearpool Expands to XRPL in First Institutional Credit Product on Ripple appeared first on Cryptonews.

Robinhood CEO Vlad Tenev said public companies should not be able to veto tokenized stock products that create separate financial instruments without changing shareholder rights, issuer obligations, or a company’s official shareholder ledger.

The comments, posted on X, responded to criticism from AMC Entertainment CEO Adam Aron over Robinhood’s AMC-linked tokens and highlighted a dispute over the structure and rights associated with tokenized stock products.

This latest drama for Robinhood comes as the firm’s Layer-2 network approaches $1Bn in Total Value Locked (TVL) and the on-chain stablecoin market cap recently surpassed $1Bn.

How Has Tenev Responded to the Criticism from AMC?

Tenev said issuer consent depends on whether a tokenized product changes the rights attached to the underlying shares, creates new obligations for the company or its transfer agent, or replaces the authoritative shareholder record. Where those conditions apply, he said the issuer should be involved.

By contrast, Tenev said issuer consent should not be required when a product creates a separate financial instrument that holds or references freely transferable shares without changing the issuer’s rights, obligations or shareholder record. His position distinguishes a tokenized product from the underlying shares and focuses on the rights and obligations the product creates.

Tenev also compared the issue with existing financial instruments that can reference public shares, including options, unsponsored American depositary receipts, and structured products. His argument is that moving a product onchain should not itself give an issuer control over a separate instrument tied to freely transferable shares.

The Stock Structure Robinhood Is Defending

Robinhood says its Stock Tokens use a third-party structure in which separately issued instruments are backed 1:1 by underlying shares. The products provide buyers with economic exposure to stocks and exchange-traded funds without placing token holders on an issuer’s shareholder register or changing the rights attached to the company’s stock.

That distinction is central to the disagreement with AMC. Aron criticized Robinhood’s AMC-linked offerings on Sept. 4, saying that AMC had no affiliation with the products and that he would ask securities counsel to review them.

Tenev’s subsequent comments outlined Robinhood’s response: products that leave shareholder rights, company obligations, and the official shareholder record unchanged should be treated differently from products that seek to alter those elements. These differing views focus on what token holders receive and how the instrument is structured.

Is the Robinhood-AMC Dispute a Broader RWA Tokenization Problem?

The Robinhood-AMC dispute reflects a broader question for RWA tokenization: whether blockchain-based products linked to publicly traded shares should be treated as shares themselves or as separate financial products.

The answer can affect what rights buyers receive, whether they appear on a company’s shareholder record, and whether the issuer participates in the product.

The evidence describes several approaches to putting stock exposure on blockchains, including synthetic products, conventional shares held by custodians, and issuer-backed shares recorded directly on-chain.

Those approaches can confer different rights on buyers, making the product’s structure a central consideration rather than simply whether it uses blockchain technology.

Robinhood is interested in expanding its tokenized-stock model. A Bernstein projection cited in reporting estimated that Robinhood Chain could generate $160M in annual fees by 2028.

The post Robinhood Vs. AMC: Vlad Tenev Responds to Tokenized Stock Criticism appeared first on Cryptonews.

Donald Trump’s TRUMP token reached a market cap of nearly $15Bn before its value declined as internet enthusiasm faded. Meanwhile, the Hunter Biden LAPTOP launch is today (September 9), a meme coin named after the laptop controversy that dominated political headlines before the 2020 election.

This project is a humorous response to Trump’s own ventures into meme coins, turning a long-standing political liability into a tradable asset, with Joe Biden’s son planning to airdrop LAPTOP to wallets that lost on TRUMP.

Biden promoted the coin’s launch with a video montage featuring conservative politicians and commentators discussing the laptop, including clips of Trump using phrases closely associated with conservative critiques of the Biden family.

The coin’s premise is rooted in this political history and online notoriety. However, the allocation plan has drawn significant backlash from traders ahead of the launch.

Why Are Investors Dubious About the Hunter Biden LAPTOP Meme Coin Launch?

The Hunter Biden LAPTOP team plans to issue 1 billion tokens and launch on Base. The stated distribution allocates tokens to airdrops, founders, conditional token destruction, charity, and launch costs.

Founders, including Hunter Biden, will retain 30% of the supply. That allocation is central to the token’s structure, alongside the 20% airdrop intended for people who lost money on TRUMP and other selected recipients.

The airdrop plan includes Hunter Biden’s Substack subscribers and people on a mailing list curated by Andrew Callaghan, the host of Channel 5.

Another 30% is earmarked for burning if a Democrat wins the 2028 presidential election or if LAPTOP’s valuation exceeds TRUMP’s, according to reporting first published by The Wall Street Journal.

The remaining 20% is intended for charity and launch costs. The project has also described founder tokens as subject to lockups and vesting rules, while a separate account described tokens tied to political, crypto, and cultural predictions, with different outcomes affecting whether tokens are burned or sent to charity.

The Backlash Arrived Before the First Trade as Investors Believe LAPTOP is Another Celebrity Cashgrab

The Hunter Biden LAPTOP launch has drawn mixed reactions from the cryptocurrency community. Callaghan distanced himself from the project after his mailing list was included in the planned distribution.

He said that he and his team were not involved in the venture beyond providing the subscriber list to help Hunter Biden expand his audience.

Kraken deleted a promotional post about LAPTOP after traders criticized it. Reports also said Base officials stressed that they did not help design or promote the token. Base founder Jesse Pollak said the project had approached his team, but Base chose not to participate in its design or promotion.

Those responses highlight the distinction between a token launching on a network and formal support from the network or other crypto companies.

They also underscore how quickly distribution partners and promotional activity can become part of the discussion around a political meme-coin launch.

What the LAPTOP Launch Will Actually Test

The available information does not establish what LAPTOP will be worth once trading begins. Its political branding, viral backstory, and planned distribution to some TRUMP holders may draw attention, but the token’s market reception will depend on how participants respond after it becomes available.

The launch will bring several elements of the project’s design into focus at once: founder-held supply, the planned airdrop, the conditional burn arrangement, and the allocation for charity and launch costs.

The project’s stated structure tells prospective participants where the 1 billion-token supply is intended to go, while the reaction from traders and associated parties has already become part of its public rollout.

LAPTOP follows the pattern of politically themed digital tokens whose public appeal is closely tied to recognizable figures and current narratives.

In this case, Biden is seeking to recast the laptop controversy as the basis for a meme coin, while the project’s distribution plan and pre-launch criticism remain central to the conversation around its debut.

Discover: The Best Token Presales

The post Why is the Hunter Biden LAPTOP Launch Facing Backlash from Investors? appeared first on Cryptonews.

In Cardano news today, ADA trades at approximately $0.205, up an impressive +5% over the past 24 hours, after S.BLOX, a Japanese crypto exchange linked to Sony Group, added ADA and Midnight’s NIGHT token on August 24.

The positive reaction raises a specific question: does a regulated exchange listing in one of the world’s strictest licensing regimes actually move demand? In this instance, it seems to be proving true, as ADA is in the green on a day when the broader crypto market is mostly flat or in the red.

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Cardano News: Why Did the S.BLOX Listing Help to Reprice ADA?

S.BLOX began trading ADA and NIGHT on August 24, operating as a cryptocurrency exchange subsidiary registered with Japan’s Kanto and Kinki Local Finance Bureaus.

The corporate link to Sony Group is real, but the listing’s practical function is narrower: it creates a regulated yen on-ramp for Japanese retail investors who previously had no domestic, licensed venue for either token.

S.BLOX ran promotional incentives through August 30, offering eligible users up to 14,000 yen (roughly $88) in NIGHT and up to 10,000 yen (roughly $63) in ADA.

NIGHT’s listing was reported as the first time a Japan-registered exchange supported Midnight’s native token, a detail that matters more for regional diversification than for immediate price action.

Japan’s stablecoin and digital-asset infrastructure has been maturing on its own track, and this listing fits that broader regulatory expansion rather than a Cardano-specific breakout.

Considering how strict Japan has been about crypto in years past, it comes as no surprise that ADA has responded bullishly to its listing on a Sony-linked centralized exchange.

Hoskinson Welcomes Access, but Access Is Not Demand

Cardano founder Charles Hoskinson acknowledged the listing’s significance, noting that securing liquidity and exchange placements in Japan presents notable challenges, according to The Crypto Basic.

He pointed to Cardano’s own multi-year effort to build meaningful liquidity in the Japanese market as context for why the S.BLOX listing carries weight for Midnight’s regional footprint specifically.

That framing is accurate as far as it goes. It describes a distribution win, not a demand event, although recent price action for ADA shows that there has been a solid amount of demand for the token.

What the Listing Changes-and What It Does Not

In other Cardano news, the S.BLOX event is an exchange listing. It is not a technology partnership, a product integration, or an infrastructure deal with Sony, although it is still a significant moment for Cardano.

S.BLOX operates as a regulated trading venue that Sony Group owns through its subsidiary structure, and that corporate relationship does not mean Sony is building on Cardano, endorsing ADA as a payment rail, or embedding Cardano infrastructure into PlayStation, Sony Music, or any other division.

What the listing does confirm is that ADA and NIGHT passed the compliance filter of one of the world’s most rigorous exchange licensing regimes. That is a real signal about regulatory standing, distinct from a signal about sustained buying pressure.

The distinction matters because Cardano has a documented history of enterprise-adjacent headlines, government MoUs, integration announcements, and supply-chain pilots that generated attention without repricing the token.

ADA traded above $2.50 in late 2021 and now sits near $0.20, a decline of over 90% despite a stream of milestone announcements.

The S.BLOX listing follows the same pattern: ADA fell -8.9% in the week following the August 24 news, but has surged +5% over the past 24-hours, which does not prove the listing caused the decline but may have something to do with its bounce-back.

Discover: The Best Token Presales

The post S.BLOX Listing Opens Japan Access as ADA Surges +5% appeared first on Cryptonews.

In Cardano news today, ADA trades at approximately $0.205, up an impressive +5% over the past 24 hours, after S.BLOX, a Japanese crypto exchange linked to Sony Group, added ADA and Midnight’s NIGHT token on August 24.

The positive reaction raises a specific question: does a regulated exchange listing in one of the world’s strictest licensing regimes actually move demand? In this instance, it seems to be proving true, as ADA is in the green on a day when the broader crypto market is mostly flat or in the red.

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Cardano News: Why Did the S.BLOX Listing Help to Reprice ADA?

S.BLOX began trading ADA and NIGHT on August 24, operating as a cryptocurrency exchange subsidiary registered with Japan’s Kanto and Kinki Local Finance Bureaus.

The corporate link to Sony Group is real, but the listing’s practical function is narrower: it creates a regulated yen on-ramp for Japanese retail investors who previously had no domestic, licensed venue for either token.

S.BLOX ran promotional incentives through August 30, offering eligible users up to 14,000 yen (roughly $88) in NIGHT and up to 10,000 yen (roughly $63) in ADA.

NIGHT’s listing was reported as the first time a Japan-registered exchange supported Midnight’s native token, a detail that matters more for regional diversification than for immediate price action.

Japan’s stablecoin and digital-asset infrastructure has been maturing on its own track, and this listing fits that broader regulatory expansion rather than a Cardano-specific breakout.

Considering how strict Japan has been about crypto in years past, it comes as no surprise that ADA has responded bullishly to its listing on a Sony-linked centralized exchange.

Hoskinson Welcomes Access, but Access Is Not Demand

Cardano founder Charles Hoskinson acknowledged the listing’s significance, noting that securing liquidity and exchange placements in Japan presents notable challenges, according to The Crypto Basic.

He pointed to Cardano’s own multi-year effort to build meaningful liquidity in the Japanese market as context for why the S.BLOX listing carries weight for Midnight’s regional footprint specifically.

That framing is accurate as far as it goes. It describes a distribution win, not a demand event, although recent price action for ADA shows that there has been a solid amount of demand for the token.

What the Listing Changes-and What It Does Not

In other Cardano news, the S.BLOX event is an exchange listing. It is not a technology partnership, a product integration, or an infrastructure deal with Sony, although it is still a significant moment for Cardano.

S.BLOX operates as a regulated trading venue that Sony Group owns through its subsidiary structure, and that corporate relationship does not mean Sony is building on Cardano, endorsing ADA as a payment rail, or embedding Cardano infrastructure into PlayStation, Sony Music, or any other division.

What the listing does confirm is that ADA and NIGHT passed the compliance filter of one of the world’s most rigorous exchange licensing regimes. That is a real signal about regulatory standing, distinct from a signal about sustained buying pressure.

The distinction matters because Cardano has a documented history of enterprise-adjacent headlines, government MoUs, integration announcements, and supply-chain pilots that generated attention without repricing the token.

ADA traded above $2.50 in late 2021 and now sits near $0.20, a decline of over 90% despite a stream of milestone announcements.

The S.BLOX listing follows the same pattern: ADA fell -8.9% in the week following the August 24 news, but has surged +5% over the past 24-hours, which does not prove the listing caused the decline but may have something to do with its bounce-back.

Discover: The Best Token Presales

The post S.BLOX Listing Opens Japan Access as ADA Surges +5% appeared first on Cryptonews.

Sheikh Tahnoon bin Zayed al Nahyan and co-investors are behind an entity that owns 49% of the holding company created for the planned Trump crypto World Liberty Financial’s US banking venture, according to people familiar with the matter, as cited by The Wall Street Journal.

The stake makes Tahnoon-linked investors the largest shareholders in the holding company behind a bank being prepared by the Trump family’s cryptocurrency venture.

The reported ownership arrangement follows a $500M investment in World Liberty Financial that Tahnoon backed last year in exchange for a 49% stake in the company, the Journal previously reported. The new venture expands the business relationship between the Trump-backed crypto company and a foreign government official.

Trump Crypto Bank Breakdown: Why the Initiative Matters Now

The Office of the Comptroller of the Currency earlier this month granted preliminary conditional approval for World Liberty Financial to launch a federally chartered national trust bank, according to the Journal’s Aug. 27 report. The proposed bank would issue, redeem and safeguard USD1, the dollar-backed stablecoin World Liberty launched last year.

The preliminary approval places the proposed bank at the center of World Liberty Financial’s stablecoin business. It also focuses on the ownership of the holding company created for the venture, in which Tahnoon and his co-investors are reported to hold the largest stake.

The Ownership Question

The 49% holding-company stake follows the earlier 49% stake in World Liberty Financial itself. The Journal reported that Tahnoon-linked investors are behind the entity holding the largest stake in the holding company for the banking venture.

Tahnoon is the United Arab Emirates’ national security adviser and the brother of the country’s president. The Journal reported that he oversees an empire funded by his personal fortune and state money worth more than $1.3 trillion.

The report identifies the size of the stake and the investors behind it, but it does not detail the banking venture’s board composition, governance rights, or any veto arrangements associated with the ownership position. Those details would be important to assessing how the holding-company ownership is reflected in the venture’s operations.

What the Reporting Establishes

The reporting establishes a significant financial relationship between World Liberty Financial and investors linked to a senior UAE official. It does not establish that Tahnoon personally directs the planned bank’s day-to-day management or sets its U.S. regulatory strategy.

Tahnoon has sometimes been referred to in coverage as the spy Sheikh. The Journal’s reporting on this banking venture identifies his role as the UAE’s national security adviser and describes the ownership stake, but does not connect the nickname to operational control of World Liberty Financial’s planned bank.

How USD1 Fits Into the Proposed Trump Crypto Bank

USD1 is World Liberty Financial’s dollar-backed stablecoin, launched last year. Under the OCC’s preliminary conditional approval, the federally chartered national trust bank would issue, redeem, and safeguard the token.

The report describes the proposed Trump crypto bank’s role in USD1 but does not provide further detail about the venture’s governance structure or how the holding company’s ownership would relate to specific banking functions. The preliminary approval is therefore a key development for the planned bank, while important operational details remain outside the reporting provided.

The post UAE “Spy Sheikh” Behind Trump Crypto Bank: 49% Ownership, $500M and Questions MAGA Can’t Avoid appeared first on Cryptonews.