SBI Ripple Asia partners with Doppler Finance to explore XRP yield products and RWA tokenization on XRP Ledger

SBI Ripple Asia signed a memorandum of understanding with XRPL-native protocol Doppler Finance on December 17 to jointly explore XRP-based yield products and real-world asset (RWA) tokenization on the XRP Ledger, BlockBeats reports. The deal marks SBI Ripple Asia's first collaboration with a native XRPL yield protocol, with both parties focusing on building compliant and transparent yield infrastructure for institutional clients to support XRP's evolution from a payment-focused token to an income-generating financial asset. Doppler Finance will supply the on-chain yield framework, while SBI Digital Markets, regulated by the Monetary Authority of Singapore, will act as the institutional custodian providing segregated custody for client assets. The partnership is described as a key step to deepen institutional use of XRP Ledger, leveraging the regulatory and ecosystem position of SBI Group and Ripple in Asia to accelerate XRP yield use cases and RWA tokenization in markets such as Japan and Singapore where rules for tokenized assets and blockchain-based yield products are relatively clear.