PANews September 22 news, according to The Block, the tokenization platform Midas has partnered with Interop Labs, the developer of the Blockchain interoperability protocol Axelar, to jointly launch the XRP tokenization product mXRP. Currently, the product's set base yield is 6%-8%, paid in XRP. Users can deposit XRP as collateral into a tokenized structure that tracks the performance of the underlying yield strategy, thus minting mXRP. These strategies may include market making and providing liquidity, managed by third-party asset management institutions known as “risk managers.” Midas co-founder and CEO Dennis Dinkelmeyer revealed that Hyperithm acts as the manager of mXRP.
In addition to basic returns, mXRP can also be deployed in various DeFi protocols to earn additional yields. The mXRP Token is issued on the Ethereum Virtual Machine (EVM) sidechain of the XRP Ledger and runs on the infrastructure provided by Axelar. According to information from the Midas website, the tokens issued by Midas, including mXRP, are not available to users in the United States, the United Kingdom, or sanctioned regions, as access to these areas is restricted.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Price Consolidates as Market Awaits Breakout Signal
Key Insights:
XRP consolidation between $1.20 and $1.45 signals a buildup phase as reduced volatility and balanced pressure prepare the market for a breakout.
An open interest drop from $10 billion to $2.57 billion reflects a leverage reset, indicating a healthier derivatives structure and r
CryptoNewsLand11h ago
XRP Price Nears $1.50 Breakout as Triangle Tightens
Key Insights:
XRP consolidates within a symmetrical triangle, with tightening price action suggesting a potential breakout toward higher resistance levels as bullish momentum continues building.
Supertrend turning green and MACD rising indicate increasing buying pressure, supporting a bullis
CryptoNewsLand12h ago
Altseason Pump: Can Ripple Altcoin XRP Replicate 350x Returns Same as 2018 in 2026?
Altseason pump: can Ripple XRP replicate 350x returns?
Analyst expects the same returns as from 2018 in 2026 for XRP.
Can the price of XRP set new ATH prices this year.
Expectations for altseason continue to grow as Bitcoin and Ethereum prices continue to maintain promising prices
CryptoNewsLand16h ago
XRP Market Shows Leverage Reset Amid Divergence Between Derivatives Pressure and Spot Strength
Gate News message, April 26 — XRP's market structure is displaying signs of significant repositioning, with data showing a complex divergence between derivatives and spot activity. According to market analysis, leveraged longs on major CEX perpetuals are being unwound even as spot price remains
GateNews17h ago
XRP Spot ETF Records $6.44M Net Inflows, Bitwise XRP ETF Leads
Gate News message, April 25 — XRP spot ETFs posted net inflows of $6.44 million on April 24, according to SoSoValue data. Bitwise XRP ETF was the sole contributor, recording the entire $6.44 million in daily inflows and bringing its historical total net inflows to $426 million.
XRP spot ETF
GateNews19h ago
Bitwise XRP ETF Leads Market With $426M in Cumulative Inflows as XRP ETF Assets Surpass $1B
Gate News message, April 25 — Bitwise's XRP ETF has emerged as the clear market leader in the growing XRP-linked investment product space, pulling in consistent net inflows while competing funds struggle to sustain momentum. According to market tracker Xaif Crypto, Bitwise's XRP ETF recorded net inf
GateNews04-25 19:51
