mXRP, the tokenized XRP that generates profits through Midas issuance, is expanding to the BNB Chain via integration with the Lista DAO lending protocol. This allows XRP holders to access DeFi on the BNB Chain and earn additional yields on the fundamental strategy of mXRP.
Previously, mXRP was available on the XRP Ledger and the XRPL EVM sidechain. Now, the token can be used as collateral in the lending markets of Lista DAO, combining the base yield with the yield from liquidity pools and borrowing markets on the BNB Chain.
mXRP is issued according to the ERC-20 standard, representing ownership of the native XRP and yields from market-neutral strategies implemented by partners such as Hyperithm. Midas is currently issuing mXRP directly on the BNB Chain, with plans to support cross-chain functionality through Axelar in the future.
Currently, there are about 480,000 XRP holders on the BNB Chain, holding a total of approximately 800 million USD wrapped XRP. mXRP has a total locked value of about 25 million USD, which is expected to increase when reused on DeFi protocols such as Lista DAO.
Midas does not provide its tokens, including mXRP, to users in the US, UK, and other restricted areas. The total locked value of the tokenized products issued by Midas exceeds 1.2 billion USD.
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
Ripple CEO praises SEC’s new direction, and U.S. crypto regulation enters a reset mode
Ripple CEO Brad Garlinghouse publicly praised the regulatory shift driven by the newly appointed Securities and Exchange Commission (SEC) chair, Paul Atkins, on April 20, describing it as “a refreshing breath of sanity that helps people regain their composure.” Garlinghouse viewed the SEC’s policy pivot as the key driver behind an improvement in sentiment across the U.S. crypto market.
MarketWhisper1h ago
SoFi Adds XRP Deposits, Ripple: Broader Access Drives Practical Growth
American fintech company SoFi Technologies announced on April 21 that it would add XRP deposit services to its platform, bringing this digital asset into the national chartered bank environment overseen by the Office of the Comptroller of the Currency (OCC). SoFi currently supports trading of 27 cryptocurrencies and offers a range of crypto deposit features. Ripple says this is the path to real utility-driven growth.
MarketWhisper2h ago
SoFi Enables XRP Deposits but Restricts Withdrawals, Drawing User Criticism
Gate News message, April 21 — SoFi announced that its crypto business now supports XRP deposits, but the platform currently does not allow withdrawals to external wallets. Users can only hold or trade XRP within the platform and cannot transfer tokens to on-chain wallets.
Some users criticized the
GateNews6h ago
XRP Price Near $1.45 as ETF Inflows Build Pressure
Key Insights
Institutional XRP ETF inflows reached $41.6 million over four days, lifting assets under management above $1.08 billion and strengthening market confidence.
XRP faces strong resistance near $1.45, where CoinGlass data highlights a short max
CryptoNewsLand10h ago
XRP Expands to Solana as wXRP Drives DeFi Access
Key Insights
Wrapped XRP on Solana surpasses 834,000 tokens, enabling new DeFi access while strengthening cross-chain liquidity and expanding XRP utility beyond its native ledger.
Ethereum and Solana dominate DeFi activity, while XRP Ledger trails significantly, driving the need for
CryptoNewsLand10h ago
XRP Expands to Solana as wXRP Drives DeFi Access
Key Insights
Wrapped XRP on Solana surpasses 834,000 tokens, enabling new DeFi access while strengthening cross-chain liquidity and expanding XRP utility beyond its native ledger.
Ethereum and Solana dominate DeFi activity, while XRP Ledger trails significantly, driving the need for
CryptoNewsLand10h ago
