TLDR
- mXRP brings 6–8% XRP yield to life on XRPL EVM with DeFi and cross-chain tools.
- Dormant XRP wakes up with mXRP’s DeFi yield on XRPL EVM and 80+ blockchains.
- mXRP unlocks XRP’s DeFi future with smart yield and multi-chain access.
- New mXRP token revives idle XRP with smart contract yields and DeFi routes.
- Get up to 10% yield with mXRP—XRP’s DeFi leap starts with XRPL EVM.
Midas and Interop Labs have jointly launched mXRP, a tokenized yield product issued on the XRP Ledger EVM sidechain. The mXRP token provides 6-8% base yield in XRP, with potential for additional DeFi-based returns. This new offering aims to activate dormant XRP and integrate it with broader decentralized finance strategies.
mXRP Targets New Use Cases for Dormant XRP Supply
The mXRP product allows users to deposit XRP collateral to mint yield-generating tokens through a tokenized structure. These deposits fund strategies, like liquidity provisioning and market-making, are managed by approved third-party asset managers. Hyperithm is managing risk and strategy implementation for the mXRP product.
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
Midas leverages audited smart contracts to ensure transparency and security within the XRPL EVM ecosystem. The mXRP token operates as an ERC-20 asset, enabling compatibility with a wide range of DeFi protocols. This integration creates new utility for XRP, encouraging its use in decentralized environments beyond static holdings.
Midas reports that over $1.2 billion in assets are currently locked across its tokenized offerings. With XRPL EVM supporting smart contracts, mXRP sets the foundation for wider DeFi activity within the XRP ecosystem. As mXRP adoption grows, its impact on XRP liquidity and DeFi participation is expected to increase steadily.
Axelar Enables Cross-Chain Functionality and DeFi Integration
Axelar plays a critical role in the launch of mXRP by providing the bridging infrastructure needed for cross-chain operability. It enables the XRP asset to be tokenized and used on the XRPL EVM through Axelar-bridged XRP as gas. This setup allows mXRP to be accessed across more than 80 blockchains and integrated with DeFi protocols globally.
mXRP will expand into other blockchain ecosystems, aggregating yield from multiple sources. This cross-chain strategy enhances its appeal by creating additional earning layers beyond the base return. The goal is for mXRP to offer the highest yield among all XRP-based products consistently.
The yield generated from deployed strategies is used to repurchase XRP from the market. This structure turns mXRP into a continuous source of buying pressure, reinforcing its long-term impact. As its AUM grows, the mechanism scales proportionally, supporting more sustained demand for XRP.
mXRP Offers More Than Competing XRP-Based Yield Products
Compared to similar XRP yield initiatives like Bitrue’s or Flare’s products, mXRP functions differently due to its tokenized design. While most offerings operate like savings accounts, mXRP behaves as a transferable token with smart contract-based value tracking. This difference allows users to move, trade, and deploy mXRP freely across compatible DeFi platforms.
By deploying mXRP in DeFi protocols, users may earn over 10% annually through additional yield farming opportunities. Platforms like Strobe Finance are expected to raise their APYs post-launch as mXRP increases DeFi activity on XRPL. This unlocks a new use case for XRP that previously lacked incentive or infrastructure.
Midas restricts access to mXRP for users in the U.S., U.K., and sanctioned regions. This ensures compliance while focusing on distribution in eligible markets. mXRP stands out as the first XRP-native token offering scalable, composable yield across decentralized ecosystems.
