SBI Ripple Asia has signed a memorandum of understanding with Doppler Finance to explore XRP-based yield products and tokenization of real-world assets on the XRP Ledger, marking the company's first partnership with the XRPL native protocol.
According to a statement released Wednesday, the partnership is focused on building an institutional-grade yield infrastructure for XRP and expanding the use of tokenized real-world assets on the blockchain.
Doppler Finance, which describes itself as an XRP-focused yield infrastructure, will collaborate with SBI Ripple Asia to develop compliant and transparent products for institutional investors.
SBI Digital Markets, a regulated arm of the Monetary Authority of Singapore, has been appointed as the institutional custodian and provides segregated custody of client assets.
This partnership marks a step toward deepening institutional collaboration with the XRP Ledger, which has historically had limited on-chain yield activity compared to other smart contract networks.
By working with regulated financial groups associated with Japan's SBI Holdings and Ripple, Doppler gains access to one of Asia's most established digital asset ecosystems.
“This partnership aims to expand the role of XRP beyond payments and position it as a productive, yield-producing asset,” Doppler's institutional head said in a statement.
A spokesperson for SBI Ripple Asia said the company aims to accelerate the development of a secure and transparent yield infrastructure on the XRP ledger by combining Doppler's on-chain framework with SBI's experience in deploying digital assets across Asia.
The agreement comes as financial institutions increasingly consider tokenized assets and blockchain-based yield products, particularly in regions with clearer regulatory frameworks such as Japan and Singapore.
