XRP enters a new development phase as its ecosystem encompasses Defi products and strategically moves to real-world asset (RWA) tokenization.
These procedures are intended to provide a practical role for long-standing digital assets beyond cross-border payments. This is a shift that can determine future relevance in global finance.
XRP Defi Extension
The introduction of MXRP, a liquid staking token built on XRP Ledger’s Ethereum compatible sidechain, sparked strong demand among holders.
By staking XRP through the MIDAS platform, investors will receive MXRP in return. This token can circulate throughout the defi protocol and potentially provide an annual yield of up to 8%.
The appetite for this product was revealed almost immediately as the first 6.5 million XRP vaults were filled in hours. This has since increased to 10 million tokens.
By October 2nd, Acceler, a blockchain infrastructure company supporting the initiative, reported that the safe tied to MXRP has already grown to over $30 million.
The strong demand that this was reported has led the team to reveal that the safe has been expanded to another 20 million tokens. XRP currently has a market value of over $3, which is over $60 million.
That enthusiasm reflects the broader desire for fresh utilities within the XRP ecosystem. Despite being one of the oldest assets in the crypto industry, XRP has historically struggled to compete with defi Ethereum and other chains.
However, by providing liquid staking tokens, the network takes steps to fill that gap, allowing holders to work with neglected idle capital, increasing the relevance of XRP in decentralized markets.
XRPL RWA tokenization
In addition to Defi Innovation, developers equip XRP Ledger (XRPL) with additional tools tailored to regulated institutional activities.
Most notably, the Multipurpose Token (MPT) standard, designed to streamline the tokenization of actual assets, while embedding compliance safeguards directly at the protocol level. According to data from RWA.xyz, XRPL is ranked among the top 10 blockchain networks for RWA activities.
Martins Hiesboeck, research director at Uphold, noted that MPT represents a “strategic leap into institutional funding.”
Token standards include built-in mechanisms for asset freezes, fund clawbacks, and identity-based access control. These features allow issuers to comply with sanctions, mitigate fraud, and limit transfers to verified holders without relying on bespoke smart contracts.
These standards allow you to quickly create and manage tokens, reduce operational risks, and accelerate time to the market.
Furthermore, the design harnesses the key strengths of XRPL: 3-5 seconds finality, low fixed trading fees, and a very secure combat test network.
Hiesboeck further explained that each operation, issuance, transfer or management requires a small fee in XRP, then burns and gradually reduces the circulation supply. Additionally, the issuer must lock XRP reserves for each new ledger object, further tightening the availability of the token.
Taking this into consideration, he concluded:
“This utility model is a critical strategic pivot, moving the XRP evaluation narrative from pure speculation to a mathematically quantifiable model based on verifiable, high-throughput global financial activity. The MPT standard places XRPL strategically and strategically as the main secure and compliant institutional blockchain for the future.”