Wrapped XRP Goes Live on Solana, Expanding DeFi Access for Ripple-Linked Token

XRP is native to the XRP Ledger and has long been used primarily for payments and cross-border transfers. Wrapped XRP, or wXRP, represents XRP held in custody by Hex Trust on a 1:1 basis and can be redeemed at any time. The structure allows holders to access Solana's trading, liquidity and yield markets without selling their XRP, expanding the asset's utility.

Hex Trust and LayerZero formally launched wXRP on Solana on April 17, 2026, with initial support from Jupiter, Phantom, Titan Exchange and Meteora. The rollout is part of a multichain plan Hex Trust announced in December 2025, when the total value locked in wXRP had already exceeded $100 million. Further expansion to Ethereum, Optimism and HyperEVM is planned.