- Midas introduces mXRP, a tokenized XRP product targeting a 6–8% base yield with extra DeFi returns.
- Axelar provides the infrastructure and interoperability to bridge mXRP across multiple ecosystems.
- Analysts suggest mXRP could create billions in annual revenue and new buying pressure for XRP.
The world of digital assets just got a new addition with Midas and Axelar introducing mXRP, a tokenized product offering up to 8% yield for XRP holders. Announced as the first of its kind, mXRP allows users to lock their XRP into structured yield strategies while earning steady returns.
What makes it stand out is not just its earnings potential but also its ability to plug into decentralized finance (DeFi) applications where users can increase their rewards even further. For an asset like XRP, which has often been criticized for its dormant supply, the launch of mXRP signals a potential turning point by turning idle coins into income-generating tokens.
mXRP Yield Structure is Designed to Reward Holders and Bring New Demand for XRP
At the core of the mXRP design is its base yield, currently targeted at between 6% and 8%, which is paid directly in XRP. Users can mint mXRP by depositing their XRP into a tokenized framework that tracks professional yield strategies. These strategies are overseen by independent asset managers known as “risk curators,” with Hyperithm taking the lead role for now.
According to Midas co-founder Dennis Dinkelmeyer, the model is intended to give transparency and accountability to token holders while also offering higher earning potential compared to traditional XRP-based savings accounts. He added that DeFi integrations will allow holders to earn an additional 2% to 3%, meaning total rewards could surpass 10% annually.
Axelar’s Role Ensures mXRP can Move Across Chains and Maximize DeFi Opportunities
The product sits on the XRP Ledger’s Ethereum Virtual Machine (EVM) sidechain and runs using infrastructure powered by Axelar. This setup is crucial because it allows mXRP to be bridged across other blockchain ecosystems where DeFi opportunities already exist. Axelar’s co-founder Georgios Vlachos described the project as a way of giving XRP holders access to every major DeFi market, making the token one of the most connected and functional XRP products available today.
By bridging yield opportunities, mXRP could serve as a “perpetual buyer” of XRP, with generated revenue fueling constant buying pressure. Analysts suggest that if the token grows to $10 billion under management within two years, the result could be $700 million in annual revenue while simultaneously creating $700 million worth of demand for XRP. Such a feedback loop would significantly affect both XRP’s liquidity and long-term adoption within DeFi markets.
mXRP Adds to the Growing competition in XRP Yield Products
The timing of this launch is notable, as other platforms like Flare, MoreMarkets, Bitrue, and Doppler Finance have recently rolled out their own XRP yield products. However, Midas believes mXRP is different because it operates as an ERC-20 token compatible with DeFi, giving it greater flexibility compared to traditional “earn” products that work more like savings accounts.
Beyond the numbers, industry watchers say mXRP could finally bring new life to DeFi activity on the XRP Ledger, where lending yields have been stubbornly low. Dinkelmeyer stressed that mXRP introduces composability, which allows it to be actively used within smart contracts instead of being locked away. Vlachos also predicted that DeFi yields across XRPL would rise sharply as liquidity grows, potentially boosting lending rates from below 1% to over 5%.
Despite its global promise, access remains restricted. Midas-issued products, including mXRP, are not available to users in the United States, the United Kingdom, or jurisdictions under sanctions. Currently, Midas reports more than $1.2 billion in total value locked across its suite of tokenized products, demonstrating both scale and investor confidence.
The Bigger Picture Shows XRP Gaining Momentum in Traditional and DeFi Markets
The mXRP debut follows the recent launch of the REX-Osprey XRP exchange-traded fund (ETF) in the United States, which generated $24 million in sales within its first 90 minutes of trading. That momentum, combined with rising demand for tokenized yield products like mXRP, reflects a broader appetite for new use cases tied to XRP.
For investors, the message is simple: XRP is no longer just a cross-border settlement coin. With mXRP, holders can turn idle assets into income streams while also benefiting from the wider DeFi market. Whether it becomes the flagship yield product for XRP remains to be seen, but the early signs point to a growing wave of interest that could reshape both tokenized yields and XRP’s role in decentralized finance.
