Overview

• mXRP went live at XRPL Seoul 2025 as a transferable ERC‑20 certificate minted on the XRPL EVM through audited smart contracts.
• Users mint the token by depositing XRP as collateral and can deploy mXRP across DeFi protocols, targeting a base return of 6%–8% paid in XRP.
• Axelar enables cross‑chain access to more than 80 blockchains, extending mXRP’s reach beyond XRPL to a broad set of DeFi venues.
• Hyperithm serves as the initial strategy manager for market‑neutral approaches such as liquidity provision and market making, with yield recycled into XRP.
• Axelar’s Georgios Vlachos characterizes the design as a “perpetual buyer” of XRP and projects that $10 billion in AUM could equate to about $700 million in annual buying pressure, while access is restricted in the U.S., U.K., and sanctioned jurisdictions.