Doppler Finance is now extending its reach beyond the XRP Ledger by integrating Coinbase Wrapped XRP (cbXRP) into the Base blockchain. This move, announced on July 29, aims to boost DeFi options for cbXRP holders and pave the way for other tokenized assets to join Base’s growing ecosystem.
Backed by more than $113 million in XRP reserves, cbXRP lets users engage with decentralized finance on Base without losing exposure to XRP’s value. According to Coinbase’s public reserve data, there are about 105.64 million XRP tokens supporting an equal amount of cbXRP tokens, ensuring full backing and transparency.
Building Institutional-Grade Infrastructure Across Chains
Rox Park, Doppler Finance’s Head of Institutions, highlighted that future finance tools need to operate beyond a single blockchain’s limits. The rollout will start with cbXRP and gradually introduce support for more tokenized assets. This phased approach will expand lending, borrowing, and collateral opportunities on Base, attracting institutional players looking for solid onchain assets.
By embedding wrapped XRP into Base’s DeFi space, Doppler Finance is positioning tokenized assets for wider adoption outside their original blockchain. This strategic expansion reflects a broader trend where financial infrastructure is becoming more multichain-focused.
This content is for informational purposes only and does not constitute financial advice.
