$wXRP is coming to Solana, marking a major moment for the XRP ecosystem and cross-chain DeFi. This launch lets XRP holders use Solana DeFi while keeping full exposure to native XRP.
Hex Trust and LayerZero launch $wXRP, a regulated 1:1-backed XRP on Solana and other blockchains, with $100M+ day-one liquidity.
What is $wXRP?
A wrapped version of XRP, $wXRP, is 1:1 backed by native XRP held in custody. Each $wXRP issue places 1 XRP in a safe deposit with Hex Trust. Upon redemption, the system burns the token and returns native XRP to the user. With this arrangement, wXRP will not fall below the value of real XRP.
🚨JUST IN: Hex Trust to issue and custody wXRP on @Solana, bringing a 1:1 backed wrapped version of XRP into Solana’s DeFi ecosystem. wXRP will have over $100M in TVL and will enable $XRP trading and liquidity with RLUSD across supported chains.
— SolanaFloor (@SolanaFloor) December 12, 2025
Who Is Behind the Launch of $wXRP?
Hex Trust, a regulated digital asset custodian trusted by institutions, will issue and securely custody $wXRP. LayerZero provides the technology via its Omnichain Fungible token (OFT) standard. It facilitates cross-blockchain transfer of $wXRP. Both offer an automated system that allows authorised merchants to coin and redeem it as needed.
🚀 HUGE news for the #XRP ecosystem! @Hex_Trust is launching and securing Wrapped XRP (wXRP), a 1:1-backed representation of native XRP, issued on @LayerZero_Core OFT Standard, to unlock #DeFi utility across multiple blockchains, starting with @Solana.
Read more:…
— Hex Trust (@Hex_Trust) December 12, 2025
Why Solana?
Solana is a fast, cost-effective platform ideal for DeFi operations. Introducing $wXRP to Solana will enable XRP holders to choose swaps, liquidity pools, and liquidity markets on Solana. The agreement combines a long-standing XRP payment utility with Solana’s high performance.
Milestone XRP and Solana
Wrapped XRP wXRP is now live on Solana via @Phantom, opening DeFi access to 20M+ users.@Ripple’s Luke Judges highlights why Solana fits XRP:
• Large, active user base
• Deep liquidity and market depth
• Mature financial primitives like perps and… pic.twitter.com/KJzxfev4Ij— 𝗕𝗮𝗻𝗸XRP (@BankXRP) December 13, 2025
Expanding XRP’s DeFi and Cross-Chain Use
$wXRP extends XRP beyond the XRP Ledger to many blockchains. These include Solana, Ethereum, Optimism, and HyperEVM, with more planned. It also enables trading and liquidity pairing with RLUSD wherever it is available. The 1:1 redeemability of the $wXRP allows users to move across chains without using risky bridges.
Key Features
- Redeemable and supported by 1:1 native XRP.
- Controlled custody, such as KYC, AML, insurance, and auditing.
- Cross-chain interoperability through the OFT standard of LayerZero.
- High liquidity with an initial TVL of more than 100M.
- Ready to deploy DeFi, eligible for swaps and lending, and liquidity.
This move serves multiple user groups:
Institutions: Market makers and LPs can provide deep liquidity, especially with the wXRP/RLUSD pair.
DeFi Protocols: Integration as collateral or liquidity across multi-chain environments.
Retail/Merchants: Use wXRP for swaps, lending,…
— Hex Trust (@Hex_Trust) December 12, 2025
Who Can Use $wXRP?
The institutions can trade as well as offer liquidity. DeFi protocols may accept it as liquidity or collateral. Retail users can access DeFi opportunities while remaining exposed to XRP.
Conclusion
The launch of $wXRP marks a big move for XRP in DeFi. $wXRP combines regulated custody, strong liquidity, and Solana’s performance. It introduces additional cross-chain opportunities while maintaining the trusted safety and reliability of XRP.
Disclaimer
The information provided by Altcoin Buzz is not financial advice. It is intended solely for educational, entertainment, and informational purposes. Any opinions or strategies shared are those of the writer/reviewers, and their risk tolerance may differ from yours. We are not liable for any losses you may incur from investments related to the information given. Bitcoin and other cryptocurrencies are high-risk assets; therefore, conduct thorough due diligence. Copyright Altcoin Buzz Pte Ltd.
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