#South Korea #Seoul #Midas #Axelar #mXRP

Midas and Axelar Launch mXRP: A New Era for the XRP Ecosystem

In an exciting development for the cryptocurrency landscape, Midas, in collaboration with Interop Labs, has officially launched mXRP on the Axelar network. Announced during a vibrant event at XRP Seoul 2025, attended by over 3,000 ardent XRP enthusiasts, mXRP represents a pioneering tokenized exposure product aimed at providing meaningful yield strategies based on XRP assets.

Georgios Vlachos, co-founder of Axelar Protocol, heralded this launch as a significant step, stating, "Axelar is the Gateway to Onchain Finance." He emphasizes that by seamlessly connecting the XRP Ledger to the burgeoning world of decentralized finance (DeFi), they are opening up a variety of compelling use cases. The newly introduced mXRP token showcases the inherent potential of Axelar's platform, enabling practical applications backed by robust security and customizability.

Midas has positioned itself as a notable issuer in the tokenized product realm, with a current total value locked (TVL) exceeding $1 billion. This launch marks a critical milestone, as it enables users to access a range of onchain strategies that were previously out of reach. According to Dennis Dinkelmeyer, co-founder and CEO of Midas, "A significant portion of the XRP supply has been stagnant for years. mXRP offers a transparent avenue for users to tap into onchain investment strategies."

What is mXRP?

The mXRP token is crafted on the XRPL EVM (Ethereum Virtual Machine) using audited smart contracts. By depositing XRP collateral into a tokenized certificate structure, users can engage with performance-tracking strategies that are both onchain and offchain. The asset management of these strategies is the responsibility of designated third-party professionals known as risk curators.

At inception, mXRP will be guided by Hyperithm, which will provide risk curation services tailored for this token. This integration into the XRPL EVM ecosystem allows mXRP to be utilized across various DeFi protocols, enabling further opportunities such as lending markets and other native integrations.

Performance and Yield Expectations

The investment strategies employed define the value of the mXRP token via algorithmic logic embedded within the smart contracts. The anticipated net return for investors is projected to be between 6% to 8% APY, reflective of historical performance metrics after fees are taken into account; however, it is crucial to note that such past results do not guarantee future performance.

The Role of Axelar

Axelar, depicted as a pioneer in the decentralized network infrastructure, plays a crucial role in this initiative. Its technology enables safe and effective connections between numerous blockchains and financial institutions, establishing a vital bridge in the financial ecosystem. With backing from institutions such as Deutsche Bank, Mastercard, and Kinexys by J.P. Morgan, Axelar is shaping the future of financial infrastructure from global stablecoins to tokenized fund mechanisms.

Through its customizable tech stack and partnerships, Axelar is pushing towards the next giant leap in facilitating institutional-grade usage of blockchain technologies.

In summary, Midas’ venture into liquid staking with mXRP, supported by Axelar’s robust infrastructure, is poised to reinvigorate the XRP ecosystem, facilitating growth and accessibility for all XRP holders. As the demand for DeFi solutions continues to grow, the implications of such tokenization efforts could pave the way for innovative use cases, benefiting both investors and the broader financial landscape.

Learn more about this initiative and the horizons it opens for tokenized finance by visiting Axelar and Midas.