The XRP (XRP-USD) Ledger has been sitting on a goldmine. Despite reaching a market cap of around $200 billion, most of that capital isn’t doing much. Less than 0.1% of it generates on-chain yield. There’s no native staking. There are no yield protocols built with institutions in mind. For big players like funds and asset managers, XRP has been out of reach when it comes to earning yield safely.
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While Ethereum (ETH-USD) and Solana (SOL-USD) users regularly earn passive income, XRP holders have largely been left on the sidelines. This is because of a structural problem, one that a new startup believes it can solve.
Doppler Raises $3 Million to Build ‘XRPfi’
Enter Doppler Finance. The startup just closed a $3 million seed round to build what it calls “XRPfi” — a new yield-focused infrastructure layer for the XRP Ledger. The goal is to unlock real returns on the capital sitting idle across the network.
The funding round was led by crypto VC firm Reforge and attracted a strong list of backers. That includes Digital Currency Group, Maven 11, GSR, Hashkey Capital, and others with deep roots in crypto trading and infrastructure. It’s a strong signal that smart money sees potential in activating XRP’s dormant capital.
Doppler plans to onboard institutional capital by offering tools that check all the right boxes, regulated custody, audited strategies, real-time solvency checks, and no reliance on centralized exchanges.
Doppler Wants to Make XRP Safe Enough for Big Money
Doppler’s strategy is simple. XRP holders will deposit assets into trusted custodians like Fireblocks or BitGo. Doppler will then delegate those assets into yield-generating strategies that are risk-adjusted and audited. All of this happens off-exchange, lowering counterparty risk and avoiding the liquidity traps that have plagued other platforms.
Transparency is also front and center. Doppler says it will offer real-time proof of reserves and only deploy capital into strategies that have passed third-party audits. The platform itself has already undergone legal and technical reviews, laying the groundwork for large-scale institutional use.
Doppler’s aim is about building something that big players can actually use without getting burned.
RLUSD Could Power the Ecosystem
Another key part of Doppler’s plan is RLUSD, Ripple’s recently announced stablecoin. Doppler plans to make RLUSD the default engine for liquidity on its platform, allowing users to park capital in a stable asset and earn yield while staying within the XRP Ledger ecosystem.
Doppler is also building plug-and-play tools so custodians, wallets, and fintech platforms can integrate its services directly. That means compliant yield could be just a few clicks away for many users.
According to Doppler, there’s already over $500 million in capital lined up from institutions waiting for the right infrastructure to go live.
Is This the Spark XRP Has Been Waiting For?
For years, XRP has had the name and the scale, but not the tools. That’s what Doppler is betting on. If it can bring professional-grade infrastructure to a network that has long needed it, XRP could shift from a dormant asset into an active, yield-generating ecosystem.
At the time of writing, XRP is sitting at $3.0636.
