During a recent discussion with Scott Melker, Input Output Global CEO Charles Hoskinson said XRP DeFi is coming. “Midnight connects us to all the other blockchains, and we add privacy to all those connection points, so we have a lot to add and offer,” he said. The privacy layer Cardano launched its partner chain, Midnight, in late 2025. It uses Zero-Knowledge cryptography to enable private smart contracts. Hoskinson proposed wrapping XRP onto Midnight, which would allow XRP holders to use their coins in DeFi applications such as lending, borrowing, and yield farming while keeping transaction data private.
This is something the public XRPL cannot do on its own. This approach aims to unlock the estimated $100 billion-plus idle XRP liquidity. Midnight could turn into the “privacy layer” for the XRP ecosystem.
In December, Hoskinson reached out to the XRP community asking for a list of the “top 15 projects” to invite to a collaborative DeFi Summit at the University of Edinburgh. IOG committed to integrating native XRP support into Lace, Cardano’s official wallet.
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