Doppler Brings cbXRP Infrastructure to Base
Doppler Finance has announced its infrastructure will expand to Base, starting with Coinbase Wrapped XRP (cbXRP) and later extending to other tokenized financial products. This move is part of Doppler's broader multichain strategy, enabling tokenized assets to gain institutional-grade onchain utility through lending, borrowing, collateral, and other decentralized finance applications.
The expansion will occur in stages, with additional supported assets and platform capabilities scheduled for future releases. The cbXRP integration allows users to interact with Base applications while maintaining exposure to the underlying digital asset.
Coinbase issues cbXRP as a token backed one-for-one by XRP, allowing holders to use it on Base's decentralized finance ecosystem. The public dashboard updates reserve balances, token supply, and network information, giving market participants transparent verification that every wrapped token remains fully backed by XRP held in custody.
Doppler Finance Head of Institutions Rox Park remarked: 'The next phase of tokenized finance requires infrastructure that extends beyond any single blockchain.'