Overview

• mXRP is live as a transferable ERC‑20 certificate on the XRPL EVM, minted by depositing XRP to create a DeFi‑native yield asset.
• The product targets a 6–8% base yield paid in XRP via market‑neutral strategies, with Hyperithm serving as risk curator and manager.
• Axelar supplies cross‑chain infrastructure that makes mXRP composable across more than 80 networks and usable in lending and liquidity protocols.
• Axelar’s co‑founder characterizes the design as a “perpetual buyer” of XRP, with a projection that $10 billion in AUM could imply roughly $700 million in annual XRP purchases, which remains a scenario rather than a guarantee.
• Access is unavailable in the U.S., U.K., and sanctioned regions, and typical DeFi, cross‑chain, counterparty, and regulatory risks still apply despite audited contracts.