
Japan’s SBI Ripple Asia and Doppler Finance have signed a memorandum of understanding to explore collaboration on XRP-based yield infrastructure and real-world asset tokenization on the XRP Ledger (XRPL).
The agreement will center on developing transparent yield infrastructure for institutional clients, supporting XRP’s evolution from a payments-focused asset into a yield-bearing financial instrument.
The partnership represents progress for the XRP ecosystem, as SBI Ripple Asia aligns directly with a protocol built natively on the XRPL.
Doppler Finance, which operates XRPfi infrastructure designed for regulated environments, will work alongside SBI Ripple Asia to explore use cases that bridge traditional financial standards with decentralized ledger technology.
As part of the initiative, SBI Digital Markets, a Monetary Authority of Singapore (MAS)-regulated digital asset firm, has been appointed as the institutional custodian.
The arrangement provides segregated and independent custody, helping to mitigate exchange-related risks and ensuring assets are held in line with institutional security and governance requirements.
The custody structure is intended to reinforce trust among regulated entities and financial institutions considering on-chain yield exposure via the XRP Ledger, said the firm.
This latest collaboration strengthens Doppler Finance’s presence in Japan, a strategically important market for digital asset innovation and regulation.
Partnering with SBI Ripple Asia, a joint venture established by Ripple and SBI Holdings, expands Doppler’s positioning as a compliant and trusted yield infrastructure provider within the XRP ecosystem.
So far, Doppler’s infrastructure has already been adopted by qualified institutions and integrated with major exchanges and wallets. Its track record of operational stability has made it an attractive option for institutions seeking on-chain yield without compromising regulatory or risk standards.
“Partnering with SBI Ripple Asia is a major validation of the trust and reliability we’ve built into the Doppler infrastructure,” said Rox Park, Head of Institutions at Doppler Finance.
“Together, we aim to expand XRP’s role as a productive, yield-bearing asset while introducing institutional standards to the broader XRPL ecosystem,” adds Park.
SBI Ripple Asia said the collaboration aims to accelerate the development of secure and transparent yield infrastructure on the XRP Ledger.
By combining Doppler’s institutional-grade framework with SBI Ripple Asia’s experience in digital asset adoption across Japan and Asia, the partners see opportunities to expand XRP’s utility and connect traditional finance with emerging on-chain systems.
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