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The XRP Ledger yield protocol Doppler has completed a $3 million seed round of financing and will launch the XRP yield vault.
According to official news from Coin World, the native yield protocol of the XRP Ledger, Doppler Finance, has announced the completion of a $3 million seed round financing, led by Reforge, with participation from DCG, Maven 11, Hashkey Capital, GSR, CMCC Global Titan Fund, Keyrock, Tenity, CRIT USA, Cluster Capital, Flowdesk, Auros, and G 20, among others. Doppler is committed to building compliant and custodial CeDeFi yield infrastructure, filling the gap of the lack of native yield mechanisms on the XRP Ledger. Currently, the market capitalization of XRP is nearly $200 billion, but less than 0.1% of assets are earning yield on-chain. Doppler collaborates with custodians such as Fireblocks, Bitgo, Copper, and Ceffu to provide a secure, transparent, and verifiable asset management mechanism, and has passed legal and technical audits. Doppler stated that its platform has reserved over $500 million in institutional funds and will first support the yield treasury for XRP and the Ripple stablecoin RLUSD, planning to enter the U.S. market to provide yield solutions for compliant funds and financial platforms. The platform also offers API and SDK interfaces to facilitate access for custodians, wallets, and platforms, promoting the institutional and standardized development of XRPfi.