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In an interesting development, leading XRPL project Doppler Finance has entered into a strategic partnership with SBI Ripple Asia.
Per a statement released today, the collaboration will focus on developing institutional-grade XRP yield products and advancing the tokenization of real-world assets (RWAs) on the XRP Ledger (XRPL).
First Partnership Between SBI Ripple Asia and XRPL-Native Protocol
Notably, the agreement marks SBI Ripple Asia’s first partnership with a native XRPL protocol. Under the arrangement, Doppler Finance will work closely with SBI Ripple Asia to create XRP yield-bearing products for institutional clients.
The move highlights the growing interest among traditional financial institutions for blockchain-based yield solutions. This trend is particularly evident in jurisdictions such as Japan and Singapore, where regulatory clarity continues to encourage institutional participation.
Notably, the partners have appointed SBI Digital Markets, an entity licensed by the Monetary Authority of Singapore (MAS), as the institutional custodian for the initiative. In this role, SBI Digital Markets will provide segregated, independent custody solutions, ensuring that client assets are securely held and fully protected.
Providing Institutions Access to XRP Yields
The move represents a significant step toward expanding institutional participation on the XRP Ledger. While institutions have engaged with the network for years, their involvement has primarily been through payment use cases or treasury initiatives.
Moreover, XRPL has lagged behind established networks such as Ethereum and Solana in offering yield-bearing opportunities. Projects like Flare Network and Axelar have introduced alternative ways for XRP holders, particularly retail investors, to access yield-related activity.
Now, through this latest partnership, Doppler Finance and SBI Ripple Asia are actively exploring the development of XRP yield-bearing products for institutions while advancing RWA tokenization on XRPL.
“An Interesting Move”
In a statement, Rox Park, Head of Institutions at Doppler Finance, noted that the collaboration with SBI Ripple Asia will expand XRP’s utility beyond payments and position it as a yield-bearing asset.
Similarly, an SBI spokesperson echoed the sentiment, emphasizing that the partnership aims to accelerate the development of yield-focused infrastructure on the XRP Ledger.
Meanwhile, the initiative has drawn attention from the broader XRP community. Notably, prominent community figure WrathofKahneman described the partnership as an interesting move.
Interesting move! SBI Ripple Asia has partnered w/ Doppler Finance to explore #XRP yield products and tokenization on the #XRPL. They aim to build "institutional-grade yield infrastructure and expand the use of tokenized real-world assets." Yield for SBI Parent co? #defi https://t.co/bnGpkYUSog
— WrathofKahneman (@WKahneman) December 17, 2025