by Enoch Mwathwa
Hex Trust has partnered with LayerZero to roll out Wrapped XRP (wXRP), opening the door for XRP to expand into DeFi and cross-chain ecosystems. The new asset launches first on Solana and gives users access to liquidity, rewards, and multi-chain applications while keeping every wrapped token fully backed by native XRP held in regulated custody.
Hex Trust Expands XRP Utility With wXRP Launch
Hex Trust confirmed that wXRP is backed 1:1 by native XRP under strict, regulated custody. The wrapped token will allow users to deploy XRP across various DeFi platforms, starting with Solana. It also supports immediate liquidity with RLUSD on Ethereum and other networks. Authorized merchants can mint and redeem wXRP under a controlled and compliant framework, which keeps issuance transparent and traceable. The launch also comes with more than $100 million in initial TVL, giving the ecosystem strong liquidity from day one.
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
Moreover, wXRP improves XRP’s cross-chain accessibility. Users gain access to swaps, liquidity pools, and rewards across supported chains. Hex Trust will rely on LayerZero’s OFT standard to enable seamless movement of wXRP between networks. RippleX executive Markus Infanger said the move aligns closely with ongoing work on RLUSD, giving users more regulated ways to manage XRP positions across multiple chains.
The new asset also strengthens liquidity between XRP and RLUSD. Giorgia Pellizzari of Hex Trust highlighted that both assets operate on a compliant, trusted infrastructure. This adds another layer of assurance for institutions seeking secure exposure to DeFi. As the rollout expands to Optimism, Ethereum, HyperEVM, and other chains, XRP holders will gain one of the broadest cross-chain footprints in the market.
wXRP Offers Regulated, Multi-Chain DeFi Access
wXRP adheres to strict standards to maintain parity with native XRP. All XRP backing the token sits in segregated, audited custody with AML protections and insurance. The redemption process burns wrapped tokens to maintain a supply alignment with held reserves. This transparency and control aim to boost institutional confidence as XRP enters deeper DeFi territory. Additionally, wXRP’s multi-chain support increases accessibility for developers and protocols looking to tap into XRP liquidity.
The launch also arrives as the XRPL v3.0.0 upgrade pushes new DeFi features and stronger network stability. Together, these advances give XRP a more competitive position in cross-chain markets. At the same time, price action remains mixed. XRP price rose more than 2% to trade near $2.03, but trading volume dropped as traders waited for stronger signals. Solana’s price rebounded more than 6%, though the market showed little reaction to wXRP’s arrival on the chain.
As cross-chain demand accelerates, wXRP positions XRP for wider use and stronger liquidity. With Hex Trust’s regulated infrastructure and LayerZero’s interoperability tools, XRP enters a new phase of multi-chain adoption that could reshape its role in DeFi.
#blockchain #crypto, #decentralized, #distributed, #ledger
