SBI Ripple Asia partners with Doppler Finance to explore XRP yield generation and RWA tokenization
BlockBeats News, December 17, SBI Ripple Asia has signed a memorandum of understanding with XRPL native protocol Doppler Finance, planning to jointly explore XRP-based yield products and real-world asset (RWA) tokenization on the XRP Ledger.
This is the first time SBI Ripple Asia has cooperated with a native XRPL yield protocol. According to disclosures, both parties will focus on building compliant and transparent yield infrastructure for institutional clients, promoting the transformation of XRP from a payment asset to a yield-generating financial asset. Doppler Finance will provide the on-chain yield framework, while SBI Digital Markets, regulated by the Monetary Authority of Singapore, will serve as the institutional custodian, offering segregated custody services for client assets.
This collaboration is seen as an important step in deepening institutional participation in the XRP Ledger. For a long time, XRPL has been relatively limited in on-chain yield and financialization applications. Leveraging the regulatory and ecosystem advantages of SBI Group and Ripple in Asia, both parties hope to accelerate the process of yield generation for XRP and RWA on-chain, in response to the demand for tokenized assets and blockchain yield products in regions with clearer regulatory environments such as Japan and Singapore.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US mortgage rates soar, homebuying demand weak: New home sales in September fell by 0.6% month-on-month, home prices down 3.9% year-on-year
In September, new home sales in the United States reached an annualized rate of 676,000 units, surpassing the market expectation of 651,000 units. The median price for new homes was $400,400, marking a year-on-year decline for seven months within the year. U.S. mortgage rates reached their highest level in nearly three years at the beginning of October last month. Economists note that "price reductions and mortgage rate subsidies help sustain sales, but the market relies more on builder concessions rather than strong endogenous demand."
Crypto prices
More
