Doppler Finance has disclosed that its XRP and RLUSD yield vaults have attracted more than $150 million from roughly 14,000 investors since launching in February 2025. The update highlights how tokenized asset infrastructure is moving beyond passive custody into active yield generation, even for assets such as XRP that lack native staking.
According to the platform, the same CeDeFi infrastructure now powers Earn products inside Bybit and Bitget Wallet, and supports institutional vaults connected with SBI Ripple Asia, SBI Digital Finance, and Evernorth. Doppler emphasizes that this is not XRP staking; instead, it uses asset-neutral trading strategies and institutional custody to generate returns while keeping exposure denominated in the deposited asset.
The platform's two main strategies involve spot-perpetual basis trades and asset-neutral arbitrage across trading venues. Capital can capture funding-rate or pricing differences while attempting to minimize directional exposure to XRP. Returns are distributed in the deposited asset, with automatic compounding. Doppler says this gives XRP holders an alternative to simply holding or selling, as XRP lending infrastructure expands across XRPL and adjacent networks.
Doppler is also planning to move yield onchain. The company says XLS-66 lending on XRPL is planned for Q4 2026, subject to mainnet activation. Future strategies could include tokenized Treasuries, money-market funds, secured lending, and private credit. It is developing transferable vault receipt tokens that could allow positions to be moved or used as collateral elsewhere onchain. RLUSD is already part of that expansion: Doppler launched a dedicated RLUSD vault in 2025, accepting deposits from both XRPL and Ethereum while keeping returns denominated in RLUSD.
The ecosystem token, XDP, operates on Base with a maximum supply of 10 billion tokens. It is positioned as the native asset for participation and future ecosystem incentives, with public trading through multiple exchanges. Doppler's broader platform includes Doppler Vaults, risk-managed yield strategies, and developing lending and financing infrastructure. The project aims to transform tokenized assets from passive holdings into active financial instruments, with transparency, capital efficiency, and institutional-grade standards at its core.
