Funding, Investments, XRP

Yield protocol Doppler Finance has closed a $3 million seed round led by Reforge to unlock the next wave of institutional adoption on the XRP Ledger.

The XRP Ledger (XRPL) occupies a unique corner of the digital asset landscape, commanding a market capitalization that fluctuates near $200 billion. Yet, despite its scale, a fundamental structural gap has left the vast majority of this capital unproductive, with less than 0.1% of its value generating onchain yield.

With no native staking and scant institutional-grade tooling, the network’s liquidity sits idle while Ethereum and Solana holders routinely put assets to work. For fund managers under tightening regulatory scrutiny, the absence of qualified custody, verifiable proof of reserves, and battle-tested risk controls on XRPL has made “earning yield” synonymous with “taking shortcuts.”

Doppler’s $3M bet to build ‘XRPfi’

Addressing this long-standing challenge, Doppler Finance has officially closed a $3 million seed funding round to constructing what it terms “XRPfi” — a dedicated financial layer for the XRP Ledger.

The oversubscribed round was led by the blockchain-focused investment firm Reforge, with notable participation from a roster of crypto heavyweights, including DCG, Maven 11, Hashkey Capital, GSR, CMCC Global’s Titan Fund, Keyrock, Tenity, CRIT USA, Cluster Capital, Flowdesk, Auros and G20.

Doppler Finance positions itself as the native yield protocol on the XRP Ledger, introducing an institutional-grade infrastructure designed from the ground up to meet stringent regulatory and security standards. The fresh capital injection will fuel the company’s mission to activate XRP’s latent capital and support its expansion into the United States market, where it will aim to onboard regulated funds, wealth managers and fintech platforms.

Engineering trust for institutional capital

Doppler Finance’s pitch is straightforward: users deposit XRP into qualified custodians, which are then delegated to Doppler Finance to generate yields. Doppler provides full security via leading custody providers, real-time solvency checks and audited, risk-adjusted strategies. By integrating with leading institutional custodians like Fireblocks, Bitgo, Copper, and Ceffu, Doppler ensures that all yield-generation activities happen off-exchange, isolating user assets and mitigating counterparty risks.

Source: Doppler Finance

This approach is further fortified by a commitment to verifiable transparency through real-time proof of reserves. All yield strategies are subjected to rigorous vetting by external auditors before deployment. Furthermore, the Doppler platform itself has successfully passed rigorous legal and technical audits, establishing a foundation of credibility from day one.

“Doppler Finance represents a rare convergence of timing, market structure, and product clarity in the XRPL ecosystem that has long been excluded from mainstream DeFi participation,” said Carl Hua, general partner at Reforge. “The team’s technical expertise and compliance-first approach give us full confidence they’ll set the gold standard for institutional yield on XRP.”

RLUSD as a liquidity engine

Beyond its stand-alone platform, Doppler is constructing foundational infrastructure for the entire XRP ecosystem. A key element of this strategy is the native support for RLUSD, Ripple’s recently announced stablecoin. Doppler intends for RLUSD to function as a primary liquidity engine, powering a new wave of financial activity on the ledger.

The company is also developing plug-and-play solutions through APIs and SDKs. This will permit custodians, wallets, and other platforms to seamlessly integrate Doppler’s infrastructure, instantly offering compliant yield-bearing products to their own user bases. The market has signaled strong interest, with Doppler reporting over $500 million in institutional capital already in its pipeline.

Anna Bertha, investment lead at Digital Currency Group (DCG), said:

“Doppler is unlocking a vast pool of liquidity that has long gone untapped. At DCG, we are excited to support the Doppler team as they bring deep experience in the XRP ecosystem and across Asia’s trading markets.”

New standard for capital efficiency

The Doppler Finance team sees the launch as the first step of a strategic move to graft modern financial mechanics onto the XRP Ledger’s long-established foundation. The project is built on the conviction that the future of crypto belongs to platforms that can speak both the language of institutional compliance and the native tongue of DeFi composability.

Instead of pursuing the speculative high annual percentage yields (APYs) that characterize other ecosystems, Doppler is focused on building sustainable, custody-secured infrastructure. By creating this bridge, the company seeks to make onchain yield accessible and safe for everyone, from individual retail holders to large sovereign wealth funds.

Find out more about Doppler Finance

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain in this sponsored article, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.