Wrapped XRP Debuts As Hex Trust Extends XRP to ETH and Solana

Hex Trust, a regulated institutional custodian, has officially rolled out wrapped XRP (wXRP) on major blockchain networks, including Solana and ETH in a landmark move that could redefine the utility and liquidity for Ripple’s native token beyond the XRP Ledger. The development, , represents one of the most significant cross-chain expansions for XRP, opening the asset to a broad list of decentralized finance (DeFi) applications and multi-chain liquidity pools. 

is a 1:1 tokenized representation of XRP designed to retain full parity with the native asset while enabling holders to participate in ecosystems that the base XRP Ledger was not originally built to support. By distributing wXRP on Solana, ETH and other Layer-1s, Hex Trust is effectively unlocking access to deeper liquidity and demand across lending markets, automated market makers (AMMs), yield farming, liquidity provisioning and other DeFi primitives that have, until now, been largely inaccessible to XRP holders.

Wrapped XRP Combines Institutional-Grade Custody With Cross-Chain Ambition

One of the major attractions of the new Wrapped XRP initiative is Hex Trust’s institutional custodial framework, which holds the underlying XRP in regulated custody while minting the equivalent wXRP tokens on supported blockchains. This approach ensures that every wrapped token is fully collateralized and redeemable at a 1:1 ratio with native XRP and offers an assurance for institutional and high-volume traders who are wary of unregulated bridges or unsecured liquidity pools.

The leverages the LayerZero Omnichain Fungible Token (OFT) standard, allowing wXRP to move seamlessly across networks without compromising custody standards or compliance controls. The integrity and institutional readiness are becoming increasingly significant for digital assets viewking mainstream adoption, and the Wrapped XRP team has put these first. 

Solana and ETH to Champion Wrapped XRP’s Debut 

The first phase of the launch views wXRP tradable on both Solana and ETH, two of the most active and liquid smart contract platforms in the crypto ecosystem. Solana’s high throughput, low-fee ecosystem makes it particularly attractive for real-time trading and decentralized platform (DEX) activity, while ETH’s massive DeFi landscape offers unmatched depth for staking, governance and complex financial products.

like this extend XRP’s reach well beyond its traditional use case as a high-speed settlement asset on the XRP Ledger. By embracing wrapped assets, XRP is effectively entering the hyper-competitive DeFi arena. While the XRP Ledger continues to evolve with native DeFi functionality, the wrapped token strategy accelerates participation in yield markets and cross-chain capital flows without waiting for native answers to fully mature.

As networks continue to blend liquidity and DeFi protocols push deeper into mainstream finance, wrapped assets like Wrapped XRP could become foundational elements of a truly interconnected blockchain future. Ultimately, we could view a crypto ecosystem where liquidity flows freely, and assets no longer wear the constraints of a single chain.