XRP is finally leaving its cozy little network… or is it? 🤔 This 1:1-backed representation of XRP will operate across major blockchains, including Ethereum and Solana. Because nothing says ‘innovation’ like moving to another network… again. 🤷♂️
The initiative introduces a pathway for one of the top five digital assets by market size to access cross-chain DeFi applications. It extends XRP’s utility beyond the XRP Ledger into broader on-chain financial activity. Because who needs simplicity when you can have “utility”? 💸
XRP is Coming To Solana, Ethereum, and More
According to the press release, each wXRP will be fully backed by native XRP held in segregated custody at Hex Trust. Minting and redemption will be available to authorized participants in a compliant environment. Because nothing says ‘trust’ like a company with a track record of… well, let’s not get into it. 🙃
wXRP will launch with more than $100 million in Total Value Locked. This will provide immediate liquidity and support stable market activity from day one. The wrapped asset uses LayerZero’s Omnichain Fungible Token standard, enabling multi-chain participation. Because why not? 🌍
“With wXRP, we are expanding XRP liquidity in DeFi and cross-chain networks including broader utility between XRP and RLUSD. Users of wXRP and RLUSD will benefit from two assets that are built on trusted, compliant infrastructure, enabling broader DeFi utility for XRP and RLUSD across supported blockchains,” Giorgia Pellizzari, CPO and Head of Custody of Hex Trust, said. 🤡
wXRP extends XRP’s DeFi reach. It enables the asset to be usable on major blockchains, starting with Solana, Optimism, Ethereum, and HyperEVM. Hex Trust revealed that additional networks will follow. Because nothing says ‘future-proof’ like a roadmap that’s already 50% complete. 🚀
BREAKING: XRP is coming to Solana 🔥
– Solana (@solana) December 12, 2025
The wrapped token allows users and institutions to participate in cross-chain activities. This includes swaps and liquidity provision through a regulated framework. Because who doesn’t want to be regulated? 🧑⚖️
Since each wXRP is fully backed and redeemable for native XRP, it supports users to move between blockchains without relying on unregulated third-party bridges. This, in turn, reduces counterparty exposure. Because nothing says ‘safety’ like a company that’s already been in the news for… well, let’s not get into it. 🤷♀️
Markus Infanger, SVP of RippleX, stated that there is a growing demand to utilize XRP across the broader cryptocurrency ecosystem and among institutions, and that Hex Trust is addressing this demand. He added that,
“It also fits naturally with the work we’re doing with RLUSD, giving people a regulated way to access DeFi and manage their XRP positions across supported chains.”
Nonetheless, the announcement had little positive impact on the price of XRP. BeInCrypto Markets data showed that the altcoin rose by just over 1% in the past 24 hours, largely in line with a broader market recovery. At the time of writing, XRP was trading at $2.04. Because nothing says ‘market confidence’ like a 1% bump. 📉
The muted price reaction was not limited to this development. XRP has also struggled to benefit from the success of spot exchange-traded funds (ETFs) or Ripple’s broader expansion efforts. Because nothing says ‘failure’ like being left behind by the market. 🚶♂️
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2025-12-12 10:54