XRP and RLUSD Holders to Access Treasury Yields as Institutional-Grade Products Expand on XRPL

XRP and RLUSD holders could soon access U.S. Treasury-backed yields directly on XRPL. Doppler Finance and OpenEden said today they will integrate tokenized Treasury Bill products into Doppler’s XRPL-native yield protocol. The move aims to support RLUSD adoption by connecting XRP Ledger liquidity with regulated RWA products like TBILL and USDO.

XRP And RLUSD Hodlers Could Gain Access To More Yields

The partnership, announced by Doppler Finance, focuses on expanding yield access for XRP and RLUSD holders on XRPL. The integration will use OpenEden’s tokenized RWA infrastructure inside Doppler’s yield protocol.

Notably, the structure will rely on TBILL, OpenEden’s tokenized U.S. Treasury Bills, alongside USDO, a regulated yield-bearing stablecoin. Doppler will serve as the on-chain gateway linking XRPL-native liquidity to these institutional-grade products.

Through the setup, XRP and RLUSD holders are expected to gain access to treasury-backed yield without leaving the XRP Ledger. The partners said the approach keeps a focus on compliance and operational standards. Meanwhile, it could also mark a positive for the XRP price, as the token’s utility grows. Rox, Head of Institutions at Doppler Finance, said

The firms also said the effort supports prudent risk management through Treasury-backed structures.

XRPL RWA Growth Accelerates 

The partnership comes as XRPL tokenized asset activity shows sharp changes across several metrics. As per RWA.xyz, distributed asset value reached $303.80 million, up 8.01% over the past 30 days. Represented Asset Value surged to $1.45 billion, rising 266.85% over the same period. 

Meanwhile, RWA holders increased to 23, up 76.92% in 30 days. However, 30-day RWA transfer volume dropped to $10.11 million, down 90.96% from 30 days earlier. RLUSD also expanded, with figures showing a 164% quarterly increase to $235 million.

As Coingape reported, Ripple expanded its UAE efforts through Zand Bank. The partnership integrates RLUSD with AEDZ, a dirham-backed stablecoin, directly on XRPL for regulated liquidity and settlement.

Furthermore, Billiton Diamond and Ctrl Alt recently partnered to tokenize over $280 million in certified polished diamonds on XRPL. Ripple backed this move, providing its custody services for this initiative while it advances the tokenization push on the network. 

Wall Street Tokenization Push Grows

Beyond XRPL, large financial institutions have continued pushing tokenization initiatives. Last week, tokenization activity expanded as CME, Broadridge, and UBS moved forward on related projects.

CME Group has explored plans for a potential “CME Coin” tied to tokenized collateral. CME has also worked with Google on a tokenized cash solution. Broadridge said it plans to settle repo transactions instantly using stablecoins. 

It also plans to expand supported assets on its Distributed Ledger Repo platform. UBS CEO Sergio Ermotti said the bank is pursuing a “fast follower” tokenization strategy. He also said UBS is exploring crypto access for private clients.

According to Forbes, the tokenized treasury market has grown from under $100 million to over $8 billion. Forbes also cited BlackRock, Franklin Templeton, and Ondo Finance as key firms managing billions in these products.