mXRP, the yield bearing tokenized XRP product issued by Midas, expanded to BNB Chain through an integration with Lista DAO, providing XRP holders on the network with new access to collateralized lending and additional yield opportunities. The product has operated on the XRP Ledger and its EVM sidechain, but the move to BNB Chain introduces a broader environment where mXRP can be deployed across liquidity pools, borrowing markets and automated yield strategies. Institutions supporting mXRP use predefined strategies such as trading and lending across digital asset venues, with returns aggregated into the token’s structure. The native deployment on BNB Chain allows users to mint mXRP directly from locally wrapped XRP, addressing one of the major obstacles related to cross chain issuance and improving user experience for participants who already hold significant volumes of XRP on the network.
The integration positions Lista DAO as a primary gateway for mXRP activity on BNB Chain, granting users the ability to use the asset as collateral while simultaneously accruing returns from Midas’s core strategies. Liquidity is supported by Hyperithm’s XRP vault, which provides depth from day one to ensure immediate usability across the protocol. Midas stated that cross chain issuance through Axelar is expected at a later stage, but the initial native deployment is structured to provide a seamless foundation for stable operations without intermediary conversions. For users, the expansion represents access to a broader set of decentralized finance opportunities and a way to extend the utility of XRP beyond its original network environment. The announcement aligns with the rising demand for programmable yield products designed to operate across blockchain ecosystems.
The developers involved in the integration highlighted that BNB Chain hosts nearly half a million XRP holders managing substantial amounts of wrapped XRP, making it a significant venue for mXRP adoption. By enabling minting, collateralization and yield strategies in a single environment, Midas expects mXRP activity to grow as lending protocols and liquidity venues incorporate the asset into their markets. mXRP currently holds about twenty five million dollars in value locked, and its growth historically accelerates when protocols allow it to be reused as collateral across a wider range of decentralized finance tools. Midas currently oversees more than one point two billion dollars in value locked across its suite of tokenized assets, though availability remains restricted for users in the United States, the United Kingdom and sanctioned regions. The expansion underscores increasing interest in cross chain yield instruments and their role in bringing structured financial strategies into onchain markets.
