XRP News: SBI Ripple Asia Makes New Move in XRP Ledger Finance
The post XRP News: SBI Ripple Asia Makes New Move in XRP Ledger Finance appeared first on Coinpedia Fintech News
SBI Ripple Asia has signed an agreement with Doppler Finance to explore new financial products built on the XRP Ledger. The two companies will look into XRP-based yield options and the tokenization of real-world assets such as traditional financial products.
The agreement, signed as a memorandum of understanding, is the first time SBI Ripple Asia has partnered with a project that is built directly on the XRP Ledger. The move shows growing interest from large financial firms in using XRPL for regulated and transparent financial activity.
As part of the plan, SBI Digital Markets, a digital asset company regulated in Singapore, will act as the institutional custodian. This means client assets will be stored separately and securely, reducing risks linked to exchanges.
For Doppler Finance, the partnership helps expand its reach in Japan, one of Asia’s key financial markets. SBI Ripple Asia is a joint venture between Ripple and Japan’s SBI Holdings, a major financial group.
Doppler Finance focuses on providing yield infrastructure for institutions using blockchain technology. Its platform is already used by some institutional players and supported by exchanges and digital wallets.
Both companies said they want to support secure and compliant financial products on the XRP Ledger. They will study how XRP can be used not just for payments, but also for generating yield and supporting real-world asset tokenization.
No new products have been launched yet, but the agreement sets the stage for future developments as traditional finance and blockchain technology continue to move closer together.
“By collaborating with Doppler Finance, we aim to accelerate the development of secure and transparent yield infrastructure on the XRP Ledger,” SBI Ripple Asia spokesperson said.
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