Midas Unveils mXRP, a First-of-Its-Kind Yield Product for XRP in DeFi
Contents
Toggle- Quick Breakdown
- A new era for XRP utility
- Beyond passive holding: composable in DeFi
- Institutional and market impact
Quick Breakdown
- Midas introduces mXRP: a tokenized XRP yield product powered by Axelar and Hyperithm.
- 6–8% base yield: with added opportunities through DeFi composability.
- Potential market impact: $10B AUM could drive $700M annual XRP buying pressure.
Midas, in collaboration with Axelar and Hyperithm, has launched mXRP, a tokenized XRP product designed to unlock yield opportunities and composability across decentralized finance.
A new era for XRP utility
Midas has introduced mXRP, a tokenized version of XRP built on the XRP Ledger’s EVM sidechain. Supported by Axelar’s cross-chain infrastructure, the product allows users to deposit XRP as collateral and mint mXRP, which mirrors the performance of curated yield strategies such as market-making and liquidity provision.
Introducing mXRP, the first certificate offering exposure to yield-generating XRP strategies.
Structured to track market-neutral XRP strategies deployed across on-chain markets and ecosystems.
Launched in partnership with @axelar & @hyperithm . pic.twitter.com/TT49vlolSn
— Midas (@MidasRWA) September 22, 2025
Hyperithm, acting as the risk curator, will oversee these strategies to ensure consistent performance. According to Midas co-founder and CEO Dennis Dinkelmeyer, mXRP targets a base yield of 6–8% paid directly in XRP.
Beyond passive holding: composable in DeFi
Unlike traditional XRP “Earn” or lending products, mXRP exists as a fully transferable ERC-20 token, giving it composability across DeFi protocols. Users can not only earn from the base yield but also deploy mXRP into various decentralized applications to compound returns.
“Much of the XRP supply has been dormant for years; mXRP provides a transparent mechanism for users to access onchain strategies,”
Dinkelmeyer said .
Institutional and market impact
Axelar co-founder Georgios Vlachos emphasized that mXRP acts as a “perpetual buyer” of XRP, as yield-driven strategies are structured to reinvest in XRP. If assets under management (AUM) hit $10 billion by mid-2026, the product could add an estimated $700 million in annual buying pressure for XRP.
The launch follows a broader surge of XRP-focused yield offerings, including Doppler Finance’s XRPfi Prime and yield-bearing accounts launched by MoreMarkets. Institutional adoption is also on the rise, The Toronto Stock Exchange (TSX) officially approved the first-ever XRP Exchange-Traded Fund (ETF), which marks a major step forward for digital asset adoption in the country. This approval is particularly noteworthy given the ongoing regulatory uncertainty surrounding XRP in the United States.
Notably, access to mXRP remains restricted in the U.S., U.K., and other sanctioned jurisdictions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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