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Ripple's Asia venture looks to make XRP a yield-bearing asset
Source: CryptoNewsNet Original Title: Ripple’s Asia venture looks to make XRP a yield-bearing asset Original Link: SBI Ripple Asia has signed a memorandum of understanding with Doppler Finance to explore XRP-based yield products and real-world asset tokenization on the XRP Ledger, marking the first time the firm has partnered with an XRPL-native protocol.
The collaboration focuses on building institutional-grade yield infrastructure for XRP and expanding the use of tokenized real-world assets on the blockchain.
Doppler Finance, which describes itself as XRP-focused yield infrastructure, will work with SBI Ripple Asia to develop compliant, transparent products aimed at institutional clients.
SBI Digital Markets, a unit regulated by Singapore’s Monetary Authority, has been appointed as the institutional custodian, offering segregated custody for client assets.