BNB Chain just dropped a major update that every XRP holder should know about: mXRP is now officially live on BNB Chain.

The official BNB Chain account posted:

Now live on BNB Chain: mXRP powered by @MidasRWA & @axelar!

The tweet quotes Midas’s original announcement and adds BNB Chain’s stamp of approval, signaling deep integration is ready for users.

What actually is mXRP?

mXRP is a yield-bearing version of XRP. You deposit XRP with Midas (the issuer), receive mXRP 1:1 in return, and that mXRP automatically accrues yield from market-neutral strategies run by professional trading firms (currently targeting around 6-8% APY, depending on market conditions). Unlike regular XRP that just sits in your wallet earning nothing, mXRP keeps working for you.

Until now, most of that activity happened on XRPL and a few other chains. Today’s launch brings mXRP to BNB Chain via Axelar’s secure cross-chain bridge, making it instantly usable in one of the biggest DeFi ecosystems in crypto.

Why this matters for BNB Chain users

• Immediate collateral use on Lista DAO (the largest lending protocol on BNB Chain)
• Deep liquidity vaults provided by Hyperithm
• Ability to loop, farm, or leverage — classic BNB Chain DeFi plays — while still earning the base mXRP yield

In simple terms: XRP holders can now move into BNB Chain DeFi without selling their XRP and stack multiple layers of yield on top of the base mXRP return.

Quick start guide

1. Get mXRP on midas.app (deposit XRP → receive mXRP)
2. Bridge mXRP to BNB Chain using Axelar
3. Head to Lista DAO to supply, borrow, or farm
4. Optional: provide liquidity in Hyperithm vaults for extra rewards

The expansion has already shown serious traction — mXRP crossed $30 million in deposits within weeks of its initial launch and continues growing fast as more chains and protocols add support.

For XRP fans who felt left out of the liquid-staking and restaking meta, this is the on-ramp they’ve been waiting for. And for BNB Chain degens, it’s fresh collateral with built-in yield and real institutional backing.

DYOR and never invest more than you can afford to lose, but the infrastructure is live today. Welcome mXRP to BNB Chain.