- Doppler Finance and OpenEden integrated tokenized US Treasury products into the XRP Ledger.
- TBILL and USDO now provide Treasury-backed yield access for XRP and RLUSD holders directly on-chain.
- The structure aims to redirect idle XRP liquidity from CEX into regulated XRPL-native yield.
Doppler Finance and OpenEden announced a strategic partnership to integrate tokenized US Treasury products into the XRP Ledger. The integration brings TBILL, tokenized US Treasury Bills, and USDO, a regulated yield-bearing stablecoin, into Doppler’s XRPL-native yield protocol.
The structure creates a direct on-chain gateway for XRP and RLUSD holders to access US Treasury-backed yield without relying on off-chain institutional infrastructure.
Doppler connects XRPL liquidity to OpenEden’s regulated real-world asset platform. The result is the treasury yield being accessible directly on the ledger.
RLUSD Moves Beyond a Simple Stablecoin
The partnership focuses on strengthening RLUSD adoption inside the XRPL ecosystem. Instead of acting only as a dollar-pegged settlement asset, RLUSD gains a yield-bearing function through exposure to regulated Treasury products.
Doppler’s stated mission is to transform idle XRP into active assets. Large amounts of XRP and RLUSD capital have historically remained parked on centralized exchanges. This integration aims to redirect that capital back on-chain into Treasury-backed yield strategies.
If the offered rate of the product is competitive, capital could migrate from centralized exchanges into XRPL-native yield. That would increase total value locked and change liquidity dynamics across the ecosystem.
However, if rates fail to compete, adoption could stall, and idle capital would sit off-chain.
Regulated Structure, Institutional Framework
OpenEden, founded in 2022, operates regulated entities in Bermuda and the British Virgin Islands. Its platform focuses on compliance, audited reserves, and regulated custody.
On the other hand, TBILL represents tokenized exposure to US Treasury Bills. USDO is a regulated stablecoin backed by Treasury assets.
The framework allows XRP and RLUSD holders to pursue a US Treasury yield while maintaining regulated standards. The two firms also plan joint research, ecosystem education, and market initiatives aimed at expanding real-world asset use on XRPL.
OpenEden’s CEO, Jeremy Ng, stated the goal is to make institutional-grade RWAs composable within native blockchain ecosystems. Doppler’s institutional lead, Rox, emphasized transparent, XRPL-native structures as the access point.
It is also worth noting that American fintech Ripple recently partnered with Zand, the UAE’s AI-powered digital bank, to further boost RLUSD adoption.
Related: XRP Community Debates Profit-Taking as Price Targets Emerge
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