mXRP, issued by Midas Software GmbH, is a tokenized fund that gives investors onchain exposure to XRP, expressed as a NAV per token that moves with the underlying portfolio's performance [S1].

The token tracks XRP (mXRP) on a total-return basis, accruing value through changes in NAV rather than any peg or floor [S1]. Holders bear a management fee as a percentage of NAV and a performance fee on profits above a high-water mark, and instant redemption carries a fixed fee typically between twenty and one hundred basis points [S2].

Midas Software GmbH, a Berlin company incorporated under German law, issues each token as a Blockchain-based Certificate, a MiFID II debt instrument under a base prospectus approved by the Liechtenstein Financial Market Authority; the issuer is not itself licensed or regulated and approval is not an endorsement [S3][S4][S5]. Tokenholders hold a contractual claim against the issuer, not ownership of the underlying assets [S3]. Tokens are not offered to U.S. Persons, sanctioned parties, or restricted jurisdictions, and access requires KYC and AML verification, with some strategies limited to professional investors [S6]. Standard redemption settles after the next NAV update and instant redemption burns tokens for a stablecoin [S7].

The tokens are ERC-20 tokens issued natively across BNB Chain, Ethereum, Monad, Base, an Ethereum Layer 2, Plasma, Starknet, Katana Network, OP Mainnet, and Rootstock [S8][S9]. Deposits mint at current NAV instantly or at the next settlement [S7]. NAV equals total portfolio value divided by tokens outstanding and is published onchain through an Oracle Feed using Chainlink and Pyth [S1].

<Sources
  retrievedAt="2026-06-19"
  items={[
    { id: "S1", url: "https://docs.midas.app/llms-full.txt" },
    { id: "S2", url: "https://docs.midas.app/resources/investment-risks" },
    { id: "S3", url: "https://docs.midas.app/resources/legal-structure" },
    { id: "S4", url: "https://docs.midas.app/tokens/mtbill" },
    { id: "S5", url: "https://docs.midas.app/resources/legal-documents/investment-disclaimer" },
    { id: "S6", url: "https://docs.midas.app/resources/eligibility-and-compliance" },
    { id: "S7", url: "https://docs.midas.app/liquidity/open-liquidity-architecture" },
    { id: "S8", url: "https://docs.midas.app/developers/smart-contract-addresses" },
    { id: "S9", url: "https://docs.midas.app/tokens/mbasis" },
  ]}
/>


Tokenized funds

website

twitter

discord

Real-world asset (RWA) issuers

Midas

Midas XRP (mXRP) is a token providing exposure to a tokenized fund issued by Midas through Midas Software GmbH.

Each token is a synthetic instrument that provides contractual exposure to the reference asset.

Holders rank as unsecured creditors of the issuer in insolvency.

Retail investors, professional investors, accredited investors, qualified investors, qualified purchasers, and institutions can mint and redeem directly with Midas after completing KYC, and holders have a right to redeem at net asset value with monthly settlement.

Midas Software GmbH is incorporated in Germany, is offered under an EU-approved prospectus, and is supervised by the Financial Market Authority Liechtenstein.

Holder terms are governed by the law of Germany.

mXRP has been issued on BNB Chain as an ERC-20 token since October 2025.

Midas XRPmXRP

All metrics