- Hex Trust launches wXRP on Solana with $100M TVL, giving XRP regulated cross-chain DeFi access.
- LayerZero-powered wXRP enables swaps and liquidity pools without using unregulated bridge tools.
- wXRP expands to more chains as XRP, RLUSD, and wrapped assets gain new liquidity paths in DeFi.
Hex Trust has announced the launch of wXRP, a 1:1 backed wrapped version of XRP that enters the Solana ecosystem. The asset aims to expand XRP activity across cross-chain DeFi markets and will begin with more than $100 million in TVL. The move also supports new liquidity paths between XRP and RLUSD across supported networks.
Hex Trust Introduces Wrapped XRP With Cross-Chain Access
Hex Trust confirmed the launch of wXRP, a wrapped asset backed by native XRP in regulated custody accounts. The firm said authorized merchants can mint and redeem wXRP in a controlled and compliant process. Each token remains redeemable 1:1 for XRP held in segregated custody.
The company noted that the new asset will support broader DeFi access on Solana and other chains. According to the announcement, wXRP will launch with more than $100 million in TVL to support early liquidity needs. Giorgia Pellizzari, CPO and Head of Custody at Hex Trust, said the product gives users access to “trusted, compliant infrastructure” across the supported blockchains.
Hex Trust will use LayerZero’s OFT standard to allow cross-chain transfers. The firm said this setup enables participation in swaps, liquidity pools, and rewards programs without relying on unregulated bridges. Markus Infanger, SVP of RippleX, said the asset “fits naturally with the work we’re doing with RLUSD,” as users gain a regulated method to manage XRP across networks.
Expansion Across Multiple Blockchains and Market Response
The company confirmed that wXRP will debut on Solana and later expand to Optimism, Ethereum, HyperEVM, and other networks. The asset aims to support XRP and RLUSD liquidity pairs across chains where RLUSD is already active. The custody structure retains insurance, AML controls, and auditability for all XRP held by Hex Trust.
Other wrapped versions of XRP also exist in the market, including Coinbase’s cbXRP and Universal Wrapped XRP. Recent activity in the ecosystem also includes an XRP staking product from Firelight Finance on Flare, which introduced a liquid stXRP token.
The market saw muted price reactions during the launch window. XRP trades near $2.03 after a rise of more than 2% in the last day. Solana trades above $130 after a 6% rebound, while trading volume for both assets shows a clear decline across the same period.
