SBI Ripple Asia will launch an XRP-based income-generating product

According to CoinDesk, Ripple's Asian project SBI Ripple Asia announced the signing of a memorandum of understanding with Doppler Finance to launch yield-generating products based on XRP and explore the tokenization of real-world assets on the XRP Ledger.

It is reported that SBI Digital Markets, regulated by the Monetary Authority of Singapore, has been designated as the institutional custodian for the related products, providing segregated custody services for client assets.