Doppler Expands Infrastructure to Base with cbXRP

Doppler Finance has announced its infrastructure expansion 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 financial applications.

The expansion will occur in stages, with additional supported assets and platform capabilities scheduled for future releases. Initially, the focus will be on supporting cbXRP, with other tokenized assets planned as the Base ecosystem continues to grow. The integration of cbXRP into Base's decentralized finance ecosystem places a wrapped representation of XRP inside Base, allowing holders 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, and the public dashboard updates reserve balances, token supply, and network information. This gives market participants transparent verification that every wrapped token remains fully backed by XRP held in custody. The current reserve data shows approximately 105.64 million XRP backing nearly 105.64 million cbXRP in circulation.