The post mXRP rolls out as the first fully DeFi-compatible XRP yield product appeared on BitcoinEthereumNews.com.

Midas, in partnership with Axelar and Hyperithm, has launched mXRP, the first XRP yield product of its kind that is fully composable in DeFi. Summary mXRP lets users mint a transferable ERC-20 token by depositing XRP as collateral, tracking market-neutral yield strategies. The product targets a 6–8% base yield paid in XRP, with additional returns possible through deployment across DeFi protocols. The launch comes amid a surge in XRP yield offerings, but unlike traditional “Earn” products, mXRP stands out as fully DeFi-compatible, offering composable utility. Tokenization platform Midas has launched mXRP, a tokenized XRP product that operates on the XRP Ledger’s EVM sidechain, with infrastructure and interoperability provided by Axelar. Users can create mXRP by depositing XRP as collateral, which then follows the performance of underlying yield strategies such as market-making and liquidity provision. Hyperithm, a third-party asset manager, will act as the “risk curator,” managing these strategies, Dennis Dinkelmeyer, co-founder and CEO of Midas, told The Block. The product targets a base yield of 6–8% paid out in XRP. In addition to the base yield, users can deploy mXRP across DeFi protocols to maximize earnings from their XRP holdings. “Much of the XRP supply has been dormant for years; mXRP provides a transparent mechanism for users to access onchain strategies,” Dinkelmeyer explained.  Georgios Vlachos, co-founder of Axelar, described the structure as making mXRP a “perpetual buyer” of XRP, with yield generated from strategies used to purchase additional XRP that is then distributed to mXRP holders. Vlachos added that if mXRP’s AUM grow to $10 billion by June next year, the product could generate $700 million in annual buying pressure for XRP. Access to mXRP is restricted in the U.S., U.K., and other sanctioned jurisdictions. How mXRP sets itself apart in XRP yield market The launch of mXRP comes amid…

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Filed under: News - @ September 22, 2025 4:26 pm