PANews reported on September 22 that according to The Block, the tokenization platform Midas has reached a cooperation with Interop Labs, the developer of the blockchain interoperability protocol Axelar, to jointly launch the XRP tokenized product mXRP. Currently, the product sets a basic yield of 6%-8%, paid in the form of XRP. Users can deposit XRP as collateral in a tokenized structure that tracks the performance of the underlying yield strategy to mint mXRP. These strategies may include market making and providing liquidity, and are managed by third-party asset management institutions known as "risk managers." Midas co-founder and CEO Dennis Dinkelmeyer revealed that Hyperithm serves as the manager of mXRP. In addition to base returns, mXRP can be deployed in various DeFi protocols to generate additional returns. mXRP tokens are issued on the Ethereum Virtual Machine (EVM) sidechain of the XRP Ledger and run on infrastructure provided by Axelar. According to the Midas website, Midas-issued tokens, including mXRP, are not available to users in the United States, the United Kingdom, or sanctioned regions, where access is restricted.PANews reported on September 22 that according to The Block, the tokenization platform Midas has reached a cooperation with Interop Labs, the developer of the blockchain interoperability protocol Axelar, to jointly launch the XRP tokenized product mXRP. Currently, the product sets a basic yield of 6%-8%, paid in the form of XRP. Users can deposit XRP as collateral in a tokenized structure that tracks the performance of the underlying yield strategy to mint mXRP. These strategies may include market making and providing liquidity, and are managed by third-party asset management institutions known as "risk managers." Midas co-founder and CEO Dennis Dinkelmeyer revealed that Hyperithm serves as the manager of mXRP. In addition to base returns, mXRP can be deployed in various DeFi protocols to generate additional returns. mXRP tokens are issued on the Ethereum Virtual Machine (EVM) sidechain of the XRP Ledger and run on infrastructure provided by Axelar. According to the Midas website, Midas-issued tokens, including mXRP, are not available to users in the United States, the United Kingdom, or sanctioned regions, where access is restricted.
Midas and Axelar launch XRP tokenized product mXRP, targeting a base yield of up to 8%
2025/09/22 19:05
PANews reported on September 22 that according to The Block, the tokenization platform Midas has reached a cooperation with Interop Labs, the developer of the blockchain interoperability protocol Axelar, to jointly launch the XRP tokenized product mXRP. Currently, the product sets a basic yield of 6%-8%, paid in the form of XRP. Users can deposit XRP as collateral in a tokenized structure that tracks the performance of the underlying yield strategy to mint mXRP. These strategies may include market making and providing liquidity, and are managed by third-party asset management institutions known as "risk managers." Midas co-founder and CEO Dennis Dinkelmeyer revealed that Hyperithm serves as the manager of mXRP.
In addition to base returns, mXRP can be deployed in various DeFi protocols to generate additional returns. mXRP tokens are issued on the Ethereum Virtual Machine (EVM) sidechain of the XRP Ledger and run on infrastructure provided by Axelar. According to the Midas website, Midas-issued tokens, including mXRP, are not available to users in the United States, the United Kingdom, or sanctioned regions, where access is restricted.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights
You May Also Like
Crypto News: Donald Trump-Aligned Fed Governor To Speed Up Fed Rate Cuts?
The post Crypto News: Donald Trump-Aligned Fed Governor To Speed Up Fed Rate Cuts? appeared on BitcoinEthereumNews.com. In recent crypto news, Stephen Miran swore in as the latest Federal Reserve governor on September 16, 2025, slipping into the board’s last open spot right before the Federal Open Market Committee kicks off its two-day rate discussion. Traders are betting heavily on a 25-basis-point trim, which would bring the federal funds rate down to 4.00%-4.25%, based on CME FedWatch Tool figures from September 15, 2025. Miran, who’s been Trump’s top economic advisor and a supporter of his trade ideas, joins a seven-member board where just three governors come from Democratic picks, according to the Fed’s records updated that same day. Crypto News: Miran’s Background and Quick Path to Confirmation The Senate greenlit Miran on September 15, 2025, with a tight 48-47 vote, following his nomination on September 2, 2025, as per a recent crypto news update. His stint runs only until January 31, 2026, stepping in for Adriana D. Kugler, who stepped down in August 2025 for reasons not made public. Miran earned his economics Ph.D. from Harvard and worked at the Treasury back in Trump’s first go-around. Afterward, he moved to Hudson Bay Capital Management as an economist, then looped back to the White House in December 2024 to head the Council of Economic Advisers. There, he helped craft Trump’s “reciprocal tariffs” approach, aimed at fixing trade gaps with China and the EU. He wouldn’t quit his White House gig, which irked Senator Elizabeth Warren at the September 7, 2025, confirmation hearings. That limited time frame means Miran gets to cast a vote straight away at the FOMC session starting September 16, 2025. The full board now features Chair Jerome H. Powell (Trump pick, term ends 2026), Vice Chair Philip N. Jefferson (Biden, to 2036), and folks like Lisa D. Cook (Biden, to 2028) and Michael S. Barr…
Share
BitcoinEthereumNews2025/09/18 03:14
Share
A trader closed his ASTER position for a profit of $435,000 and resumed shorting BTC.
PANews reported on September 22 that according to Lookonchain monitoring, a trader "0xa523" closed his ASTER position, making a profit of US$435,000 and started shorting BTC again. Position size: 684.6 BTC, worth approximately $77.15 million. Liquidation price: $113,922.55.
Share
PANews2025/09/22 21:11
Share
Aster Genesis Phase 2 will conclude on October 6, with Phase 3 to include spot trading volumes
PANews reported on September 22nd that the decentralized exchange Aster announced that the second phase of Aster Genesis will conclude at 23:59 UTC on October 5th (07:59 Beijing Time on October 6th). With two cycles remaining, users can still trade and earn Rh points—4% of the total ASTER supply has been allocated for Phase 2 rewards. Phase 3 will follow shortly thereafter, incorporating spot trading points and updating the rewards mechanism.
Share
PANews2025/09/22 21:37
Share