SBI Ripple Asia has signed an agreement with Doppler Finance to explore new financial products built on the XRP ledger. The companies will explore XRP-based yield options and the tokenization of real-world assets such as traditional financial instruments.
The agreement, signed as a memorandum of understanding, marks the first time SBI Ripple Asia is partnering with a project built directly on the XRP ledger. This move shows the growing interest of major financial companies in using XRPL for regulated and transparent financial activities.
As part of the plan, SBI Digital Markets, a Singapore-regulated digital asset company, will act as the institutional custodian. This means customer assets are stored separately and securely, reducing risks associated with exchanges.
For Doppler Finance, this partnership will help expand its footprint in Japan, one of Asia’s major financial markets. SBI Ripple Asia is a joint venture between Ripple and SBI Holdings, a major Japanese financial group.
Doppler Finance focuses on providing revenue infrastructure for institutions using blockchain technology. Its platform is already used by some institutional investors and supported by exchanges and digital wallets.
Both companies said they want to support secure and compliant financial products on the XRP Ledger. They plan to study how XRP can be used not only for payments, but also to generate yield and support the tokenization of real-world assets.
Although no new products have been launched yet, this agreement sets the stage for future developments as traditional finance and blockchain technology continue to work closely together.
“By collaborating with Doppler Finance, we aim to accelerate the development of a secure and transparent yield infrastructure on the XRP ledger,” a spokesperson for SBI Ripple Asia said.
