Ripple news: Firm's SBI venture looks to offer XRP yields to banks and funds

SBI Ripple Asia has entered into a memorandum of understanding with Doppler Finance, an XRP-focused yield infrastructure provider, to explore creating institutional-grade, yield-bearing products based on XRP and to expand the tokenization of real-world assets on the XRP Ledger (XRPL). This collaboration marks the first time SBI Ripple Asia has partnered with an XRPL-native protocol. SBI Digital Markets, a unit regulated by Singapore's Monetary Authority, will serve as the institutional custodian, providing segregated custody for client assets. The partnership aims to position XRP as a productive, yield-bearing asset beyond its traditional use in payments, leveraging Doppler's on-chain framework with SBI's established regional digital-asset expertise, appealing to institutions exploring tokenized assets in regulated jurisdictions like Singapore and Japan.

(Source：CoinDesk)