XORA Launches Neobank Letting XRP Holders Earn Daily Yield

XORA has launched its XRP neobank, allowing holders to earn a daily yield on their XRP and spend it in the real world using the XORA card.

The platform is designed for retail investors who hold XRP but have had limited ways to use it. Unlike Bitcoin, which has seen its supply shift towards institutions and exchange-traded funds, XRP remains overwhelmingly retail-owned.

XORA's founder and CEO, Joren Lundgren, stated that the market often talks about institutional crypto, but XRP's strength lies in its retail base. Retail holders didn't want another place to trade; they wanted to earn on their holdings and spend them like money.

The platform operates a segregated custodial treasury on the XRP Ledger, allowing users to deposit XRP from any wallet or exchange and earning a yield of 15% in XRP plus an estimated 7% in native XORA tokens for tier-one balances. Withdrawals settle on the XRP Ledger in about three seconds with no lock-up or fees.

XORA is not a chartered bank, and balances are not government-insured. The company discloses that the native XRP yield is currently a time-limited treasury subsidy that will step down as deposits grow, transitioning towards on-chain sources such as XRP Ledger automated market-maker liquidity provision and lending.