TLDR:
- Doppler Finance and OpenEden integrate tokenized U.S. Treasuries rated AA+ by S&P Global onto XRPL
- USDO stablecoin regulated by Bermuda Monetary Authority offers yield-bearing options for XRP holders
- Partnership enables direct access to Treasury-backed yield through XRPL-native infrastructure gateway
- Collaboration aims to strengthen RLUSD adoption and expand real-world asset utility on XRP Ledger
Doppler Finance and OpenEden announced a strategic partnership on February 10, 2026, to expand institutional-grade real-world asset yield opportunities on the XRP Ledger.
The collaboration will integrate OpenEden’s tokenized U.S. Treasury Bills and regulated stablecoin into Doppler’s XRPL-native yield protocol. This partnership aims to provide XRP and RLUSD holders with access to Treasury-backed yield opportunities.
The initiative centers on making institutional financial products more accessible through blockchain infrastructure.
Integration of Tokenized Assets into XRPL Infrastructure
The partnership focuses on bringing OpenEden’s TBILL and USDO tokens to the XRP Ledger through Doppler’s yield protocol. TBILL represents tokenized U.S. Treasury Bills with an S&P Global rating of AA+.
Meanwhile, USDO operates as a yield-bearing stablecoin under prudential regulation by the Bermuda Monetary Authority. Both assets will connect to XRPL-native liquidity through Doppler’s on-chain gateway infrastructure.
OpenEden shared details about the partnership on social media platforms. The company emphasized the integration of institutional-grade RWA yield products into Ripple’s ecosystem.
The announcement mentioned RLUSD, which currently trades around $0.99, as a key component of the collaboration.
The technical integration will enable XRP and RLUSD holders to access U.S. Treasury-backed returns directly on-chain.
This approach removes traditional barriers that previously required institutional infrastructure for such financial products. The structure maintains regulatory compliance while expanding access to a broader range of participants.
The collaboration also addresses the growing demand for yield-bearing options within the XRP Ledger ecosystem.
By connecting real-world assets to blockchain infrastructure, the partnership creates new pathways for capital deployment. This connection bridges traditional finance instruments with decentralized ledger technology.
Ecosystem Development and Market Education Initiatives
Beyond product integration, both organizations plan to collaborate on research and educational initiatives. These efforts will explore how regulated tokenized assets can enhance XRPL’s functionality and liquidity depth. The partnership seeks to establish best practices for RWA implementation within blockchain ecosystems.
Speaking about the partnership’s vision, Rox, Head of Institutions at Doppler Finance, stated that “real-world assets will play a critical role in bringing institutional-grade financial infrastructure on-chain.”
The executive added that “by working with OpenEden, we aim to help make RWA-backed yield opportunities more accessible to XRP and RLUSD holders through transparent, XRPL-native structures.”
Commenting on the collaboration’s strategic direction, Jeremy Ng, Founder and CEO of OpenEden, explained that “the partnership with Doppler Finance reinforces our view that the next phase of on-chain finance will be driven by regulated, real-world assets integrated into native blockchain ecosystems.”
He further noted that “beyond access to Treasury-backed yield, our joint focus is on making regulated, institutional-grade RWAs composable on XRPL to support its evolution into a more robust financial settlement layer.”
The collaboration reflects a commitment to expanding blockchain finance’s practical applications. Both companies focus on connecting traditional financial instruments with native blockchain infrastructure.
This approach prioritizes transparency and accessibility while supporting long-term ecosystem development. The partnership positions RLUSD as a crucial stablecoin within the XRPL framework through enhanced utility and yield opportunities.
