Doppler Finance Secures $3M Seed Round as the First Yield Protocol to Lead XRPfi

August 7, 2025 – Doppler Finance, a globally distributed yield protocol natively built on the XRP Ledger (XRPL), has secured a $3 million seed round led by Reforge, with participation from major crypto VCs such as DCG, Maven 11, Hashkey Capital, GSR, CMCC Global’s Titan Fund, Keyrock, Tenity, CRIT USA, Cluster Capital, Flowdesk, Auros and G20.The funding launch marks a major step toward creating “XRPfi”, Doppler’s institutional-grade yield ecosystem designed to bring compliant capital into XRPL. The platform features secure and custody-integrated vaults, real‑time proof‑of‑reserves, and audited risk controls to meet institutional standards.

Seed Round Drives Institutional Momentum

Reforge led the oversubscribed seed round, signaling strong confidence in Doppler’s vision to establish XRPfi, a composable yield stack for XRP holders. Doppler reports over $500 million in institutional interest already lined up, underscoring growing demand for compliant yield infrastructure on XRPL.

“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. The team’s technical expertise and compliance-first approach give us full confidence they’ll set the gold standard for institutional yield on XRP.” – Carl Hua, General Partner at Reforge

Plans to Expand into the U.S. Market

Following the successful close of the seed round, Doppler is now entering the U.S. market, aiming to onboard regulated funds, wealth managers, and fintech platforms seeking compliant exposure to on-chain XRP yield.

With U.S. institutions facing increased scrutiny around custody and counterparty risk, Doppler will provide a unique value proposition by establishing an institutional-compliant XRP and RLUSD yield-bearing vault setup.

As regulatory clarity evolves and institutional appetite increases, Doppler aims to position itself as the go-to compliant yield infrastructure for XRP in the U.S.

“We see the United States as a critical market for long-term adoption,” said Doppler. “Our infrastructure has been designed from day one to meet the needs of regulated capital, and we’re excited to bring that standard into the U.S. market when the time is right.”

Filling a Gap: Yield for XRP

Despite a $200B market cap, XRP yields under 0.1% on-chain, due to the absence of staking or native yield mechanisms. Doppler addresses that gap by deploying fully custody‑secured, regulated yield infrastructure custom‑built for XRP. Unlike Ethereum or Solana DeFi, their model is custody-first and audit‑deep.

Built for Institutions: Custody, Transparency & Risk Management

• Custody Partners: Fireblocks, Bitgo, Copper, Ceffu, trusted by legacy institutions, safeguard vault assets.
• Proof‑of‑Reserves: Real‑time solvency tracking offers transparency by design.
• Third‑party Audits & Risk Modeling: Vault strategies are vetted before deployment and emphasize sustainable returns without excessive leverage.

These measures together form a first credibility layer for XRPL yield infrastructure, enabling institutional capital to deploy with confidence.

Composable XRP Yield Stack

• XRP‑optimized vault architecture delivers capital‑efficient yield strategies.
• Full integration with Ripple’s stablecoin RLUSD, using it as the liquidity layer of the XRPfi stack.
• API/SDK integrations allow wallets, exchanges, and custodians to plug in Doppler’s infrastructure and unlock yield instantly.

Doppler Finance: Now Is the Perfect Time to Lead XRPfi

As institutional interest in XRPL grows, the lack of compliant yield rails stands out. Doppler’s platform is positioned to unlock this latent demand by delivering regulated, custody‑backed yields historically unavailable to XRP holders.

“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.” – Anna Bertha, Investment Lead at Digital Currency Group (DCG)

With support from major custody providers, dedicated audits, and proof‑of‑reserves transparency, Doppler may become the institutional entry point for regulated capital into XRP.

Learn more at https://doppler.finance/

About Doppler Finance

Doppler Finance is leading XRPfi by introducing an institutional-grade yield infrastructure natively built on XRP Ledger. Our stack combines regulated custody, fully audited reserves, and strictly vetted yield strategies designed for safety and scale. We believe XRP should earn yield like any major asset, and we’re making that a reality, with unmatched clarity, control, and credibility.

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