Hex Trust announces a partnership with LayerZero to launch Wrapped XRP (wXRP), pioneering on the Solana network. This move marks a significant step forward for the XRP ecosystem in cross-chain DeFi, laying the foundation for cross-chain asset support, liquidity expansion, and more diverse decentralized application scenarios.
wXRP is a wrapped token supported 1:1 by native XRP, with custody handled by regulated Hex Trust. authorized merchants can mint and redeem wXRP within a compliant environment, maintaining a peg to the native XRP. In the initial launch phase, the total value locked (TVL) of wXRP will exceed $100 million, providing a solid liquidity base for DeFi trading and liquidity markets.
Functionally, wXRP will support cross-chain asset interoperability, enabling users to participate in swaps, liquidity provision, yield farming, and other DeFi activities across networks such as Solana, Ethereum, Optimism, HyperEVM, and more. Additionally, wXRP will create synergy with Ripple’s ongoing stablecoin RLUSD, further driving growth in multi-chain DeFi applications.
Hex Trust notes that both wXRP and RLUSD are built on regulated, auditable infrastructure, ensuring that institutional and individual users can securely access cross-chain asset management tools with AML protections, insurance, and transparent audits. The issuance of wXRP follows a burn-and-mint mechanism to ensure the supply is fully collateralized by the held native XRP.
Technically, wXRP adopts LayerZero’s OFT cross-chain standard, enabling seamless communication between multiple chains and allowing projects to leverage broader ecosystem liquidity and asset pathways. RippleX also stated that wXRP will become a key component of XRPL’s cross-chain expansion, complementing the recent XRPL v3.0.0 upgrade.
Following this announcement, XRP’s price increased by over 2% in the past 24 hours, reaching a high of $2.05, while Solana (SOL) rebounded over 6% from lows. Despite relatively low market trading volume, overall sentiment has turned more positive.
The launch of wXRP on Solana not only enhances XRP’s cross-chain capabilities but also provides a new liquidity gateway for the broader multi-chain DeFi ecosystem, potentially extending XRP’s application scope and value in the crypto market of 2025. (CoinGape)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
SoFi Enables XRP Deposits but Restricts Withdrawals, Drawing User Criticism
Gate News message, April 21 — SoFi announced that its crypto business now supports XRP deposits, but the platform currently does not allow withdrawals to external wallets. Users can only hold or trade XRP within the platform and cannot transfer tokens to on-chain wallets.
Some users criticized the
GateNews2h ago
XRP Price Near $1.45 as ETF Inflows Build Pressure
Key Insights
Institutional XRP ETF inflows reached $41.6 million over four days, lifting assets under management above $1.08 billion and strengthening market confidence.
XRP faces strong resistance near $1.45, where CoinGlass data highlights a short max
CryptoNewsLand7h ago
XRP Expands to Solana as wXRP Drives DeFi Access
Key Insights
Wrapped XRP on Solana surpasses 834,000 tokens, enabling new DeFi access while strengthening cross-chain liquidity and expanding XRP utility beyond its native ledger.
Ethereum and Solana dominate DeFi activity, while XRP Ledger trails significantly, driving the need for
CryptoNewsLand7h ago
XRP Expands to Solana as wXRP Drives DeFi Access
Key Insights
Wrapped XRP on Solana surpasses 834,000 tokens, enabling new DeFi access while strengthening cross-chain liquidity and expanding XRP utility beyond its native ledger.
Ethereum and Solana dominate DeFi activity, while XRP Ledger trails significantly, driving the need for
CryptoNewsLand7h ago
Arthur Hayes: I'll Believe in XRP's Use at Scale When I See On-Chain Evidence
Arthur Hayes calls for on-chain evidence of XRP at scale; Iran tolls on oil tankers reportedly paid in Bitcoin to bypass sanctions, with pre-cleared shipments. Jim Rickards cites Ripple as part of a broader crypto-led parallel financial system.
Abstract: The article compares Hayes's demand for XRP's real-world on-chain use with reports of Bitcoin toll payments by Iran and notes Rickards' view that Ripple could play a role in a broader crypto-driven parallel financial system.
GateNews9h ago
Crypto Investor Predicts Bitcoin ATH at $140,000 and XRP ATH at $7 in May
Crypto investor predicts Bitcoin ATH at $140,000.
Similarly, the expert expects an XRP ATH at $7.
Both these new ATH targets for BTC and XRP are expected to arrive in May.
The prices of Bitcoin and Ethereum seem to be trading at a bullish trajectory, having just broken past major
CryptoNewsLand11h ago
