SBI Ripple Asia Partners with Doppler Finance for XRP Yield Infrastructure
- SBI Ripple Asia signed an MOU with Doppler Finance on Dec. 17 to develop XRP-based yield infrastructure.
- SBI Digital Markets will act as the institutional custodian, enhancing compliance and custody measures.
- XRP Ledger (XRPL) currently has $64.4 million in total value locked (TVL) and a stablecoin market cap of $347 million.
- The partnership aims to make XRP productive by creating regulated yield sources while maintaining asset custody.
- If successful, routing just a fraction of the circulating supply of approximately 60.49 billion XRP into yield wrappers could generate significant assets under management (AUM).
The collaboration between SBI Ripple Asia and Doppler Finance is set to enhance institutional access to on-chain products through compliance-focused design, addressing the current limitations of XRPL’s DeFi landscape compared to Ethereum.
With a spot price near $1.91, even routing just a small percentage of XRP into yield streams could lead to substantial AUM growth, potentially reaching over $1 billion if managed effectively.
