Hex Trust Launches wXRP on Solana to Potentially Expand XRP’s DeFi Liquidity

• Hex Trust’s wXRP on Solana offers compliant custody and 1:1 redeemability for native XRP.

• The launch supports expanded DeFi participation across multiple blockchains including Optimism and Ethereum.

• With $100 million TVL, wXRP facilitates liquidity pairs for XRP and RLUSD, backed by insured and audited structures.

Discover how Hex Trust’s wXRP on Solana unlocks $100M TVL for cross-chain DeFi. Explore regulated access to XRP liquidity and RLUSD pairs—read now for insights on this pivotal crypto advancement.

What is wXRP on Solana and How Does It Work?

wXRP on Solana is a wrapped token representing native XRP, launched by Hex Trust to bridge Ripple’s ecosystem with Solana’s high-speed DeFi environment. Backed 1:1 by XRP held in regulated custody, it allows users to mint and redeem tokens through a compliant process, ensuring security and transparency. This innovation uses LayerZero’s Omnichain Fungible Token standard for seamless cross-chain transfers, enabling participation in liquidity pools and swaps without relying on unauthorized bridges.

Hex Trust, a licensed digital asset custodian, emphasized that wXRP maintains full redeemability at all times, with assets segregated and insured against risks. The platform’s integration with Solana aims to leverage the network’s low fees and rapid transaction speeds, attracting institutional and retail users seeking diversified DeFi opportunities. Early adoption is supported by an initial total value locked exceeding $100 million, signaling strong market confidence in this regulated approach.

Giorgia Pellizzari, Chief Product Officer and Head of Custody at Hex Trust, highlighted the strategic importance: “This product provides users with trusted, compliant infrastructure across blockchains, reducing risks associated with fragmented liquidity.” The launch aligns with growing demand for interoperable assets, as blockchain networks increasingly interconnect to enhance capital efficiency.

How Does LayerZero Enable wXRP’s Cross-Chain Functionality?

LayerZero’s Omnichain Fungible Token (OFT) standard powers wXRP’s transfers, allowing the token to move natively between Solana and other chains like Ethereum and Optimism without centralized intermediaries. This decentralized oracle and relayer network verifies transactions in real-time, ensuring atomic swaps that prevent double-spending or loss of funds. According to LayerZero’s documentation, the protocol has facilitated over $20 billion in cross-chain volume since its inception, demonstrating reliability in high-stakes DeFi applications.

Hex Trust’s implementation includes built-in anti-money laundering (AML) checks and regular third-party audits, as confirmed by the firm’s compliance team. Markus Infanger, Senior Vice President of RippleX, noted that wXRP “complements our efforts with RLUSD by offering a regulated pathway for XRP holders to access diverse liquidity sources.” Data from on-chain analytics shows that similar wrapped assets have boosted TVL in DeFi protocols by up to 30% in their first quarter, underscoring wXRP’s potential to drive adoption.

The process for users involves connecting a compatible wallet to Hex Trust’s platform, where authorized entities can deposit native XRP to mint wXRP. Redemption reverses this, burning wXRP to release the underlying XRP. This controlled minting contrasts with unregulated bridges, which have faced exploits totaling over $2 billion industry-wide, per reports from cybersecurity firms like Chainalysis.

Frequently Asked Questions

What Are the Key Benefits of Using wXRP on Solana for DeFi?

wXRP on Solana provides regulated access to DeFi features like liquidity provision and yield farming, with 1:1 backing ensuring no counterparty risk. It integrates seamlessly with Solana’s ecosystem, offering low-cost transactions and fast settlements, while expanding XRP’s utility to over 1,000 DeFi protocols. This setup supports institutional-grade security, including insurance coverage up to $100 million per the custody provider’s terms.

Which Blockchains Will Support wXRP Beyond Solana?

Following its Solana debut, wXRP plans to expand to Optimism, Ethereum, HyperEVM, and additional networks where RLUSD operates. This multi-chain rollout, powered by LayerZero, aims to create unified liquidity pools for XRP and stablecoins, allowing users to trade and stake across ecosystems effortlessly. Experts anticipate this could increase XRP’s DeFi TVL by 25% within the next year, based on comparable wrapped asset trends.

Key Takeaways

• Regulated Innovation: wXRP introduces compliant wrapped XRP to Solana, backed by $100M TVL and insured custody, minimizing risks in cross-chain DeFi.
• LayerZero Integration: The OFT standard enables secure, bridge-free transfers, supporting swaps and liquidity for XRP and RLUSD across multiple chains.
• Future Expansion: Upcoming support for Ethereum and Optimism will enhance interoperability, encouraging broader adoption and liquidity growth in the XRP ecosystem.

Conclusion

Hex Trust’s launch of wXRP on Solana marks a significant step toward regulated cross-chain DeFi, integrating XRP’s stability with Solana’s efficiency through LayerZero’s robust framework. By providing 1:1 backed access and over $100 million in initial TVL, it addresses key pain points like liquidity fragmentation and security concerns. As wXRP expands to additional blockchains, it promises to unlock new opportunities for XRP and RLUSD holders, fostering innovation in the evolving crypto landscape—stay tuned for further developments in this dynamic space.

Hex Trust launches wXRP on Solana with $100M TVL, using LayerZero for regulated cross-chain DeFi access and expanding liquidity for XRP and RLUSD.

• 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 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.