SBI Ripple Asia is collaborating with Doppler Finance to explore institutional XRP yield infrastructure and real-world asset (RWA) tokenization on the XRP Ledger.

SBI Ripple Asia Moves Into XRPL-Native Yield Development

SBI Ripple Asia has entered into a memorandum of understanding (MOU) with Doppler Finance to jointly examine the creation of XRP-linked yield products and the tokenization of real-world assets on the XRP Ledger, reflecting a deliberate effort to broaden XRP’s role beyond its use in cross-border payments.

Established in 2016 as a joint venture between Ripple and Japan’s SBI Holdings, SBI Ripple Asia was formed to support the development of fintech solutions using blockchain technology. This agreement marks the company’s first official collaboration with a protocol that is built natively on the XRP Ledger.

As part of the arrangement, both parties will study how on-chain systems operating on XRPL can be used to support structured yield opportunities tailored for institutional users. The focus is on designing use cases that align with institutional requirements while operating directly on the XRP Ledger.

Building Institutional Yield and Tokenized Asset Infrastructure

A key objective of the initiative, according to an official statement, is to reposition XRP from being primarily a transaction-based crypto asset into one that can also support institutional-level yield strategies.

Doppler Finance, which has been active on the XRP Ledger for over two years, highlighted the importance of the partnership in validating its technology.

Rox, Head of Institutions at Doppler Finance, said, “Partnering with SBI Ripple Asia is a major validation of the trust and reliability we’ve built into the Doppler infrastructure”.

As part of the collaboration, Doppler Finance will provide its XRP-centric yield framework, drawing on its experience building products intended to operate within regulated financial settings.

SBI Digital Markets Appointed Custodian and Regulated Framework

Together, Doppler Finance and SBI Ripple Asia will explore how these design principles can be extended to real-world asset tokenization and yield generation directly on the XRP Ledger, with a focus on meeting institutional expectations.

Asset custody for the initiative will be managed by SBI Digital Markets, a digital asset firm regulated by the Monetary Authority of Singapore. SBI Digital Markets has been designated as the institutional custodian and will offer segregated and independent custody for assets connected to the collaboration.

The segregated custody model aligns the project with institutional security and governance requirements, providing asset protection standards similar to those used in traditional financial systems.

The agreement comes at a time when financial institutions are showing increased interest in tokenized assets and blockchain-based yield products, especially in regions where regulatory frameworks are more clearly defined.

Doppler Finance noted that the partnership supports its expansion within Japan’s digital asset market. Japan continues to operate under one of the most comprehensive regulatory regimes for crypto assets, with both existing rules and future measures overseen by the Financial Services Agency.

Conclusion

While no specific product launches or timelines have been announced, the signed memorandum of understanding lays the groundwork for future integrations that could link traditional financial systems with emerging on-chain infrastructure.