Key Takeaways:
- Wrapped XRP launched on Solana this week, backed 1:1 by Hex Trust with roughly 834,498 wXRP in circulation.
- LayerZero’s OFT customary bridges wXRP throughout chains, giving Solana DeFi entry to over $100 million in preliminary XRP liquidity.
- Phantom, Jupiter, and Meteora already assist wXRP, with Ethereum and EVM chain expansions already in movement.
XRP Is Now on Solana by way of Hex Trust
The launch was confirmed by the official Solana X account, which posted “BREAKING: XRP is reside on Solana” alongside a video and technical particulars. The token, often known as wXRP, is issued and custodied by Hex Trust, a regulated digital asset custodian. Cross-chain infrastructure is dealt with by Layerzero utilizing its OFT bridging customary.
Hex Trust first announced plans for wXRP on Dec. 12, 2025. At the moment, the corporate mentioned the token would launch throughout a number of blockchains, together with Solana, Ethereum, Optimism, and HyperEVM, with extra chains deliberate. The preliminary rollout was reported to carry over $100 million in liquidity.
wXRP is absolutely collateralized at a 1:1 ratio. When a certified consumer deposits native XRP with Hex Trust, the custodian mints an equal quantity of wXRP on the goal chain. Customers can burn wXRP at any time to redeem native XRP from custody. Hex Trust publishes onchain proof of reserves, and present information exhibits roughly 50.83 million XRP backing the identical quantity of wXRP throughout all supported chains.
On Solana particularly, roughly 834,498 wXRP tokens are at present in circulation. At XRP costs within the $1.44 to $1.50 vary, that represents roughly $1.2 million in Solana-based provide.
XRP holders utilizing wXRP on Solana can commerce, lend, present liquidity, or submit it as collateral in DeFi protocols. A number of main Solana functions already assist the token, together with Phantom pockets, Jupiter Alternate, Meteora, Titan Alternate, and byreal_io. Further integrations are anticipated.
Solana directed customers to confirm the official wXRP token deal with at tokens.xyz/xrp to keep away from counterfeit tokens. Hex Trust additionally publishes the total Solana contract deal with on its website.
XRP moved up roughly 2 to 5 p.c within the buying and selling periods across the launch, with the value holding within the $1.44 to $1.50 vary alongside broader market exercise.
The wXRP construction introduces two layers of third-party threat that holders ought to perceive. Custody will depend on Hex Trust, and bridging will depend on Layerzero. wXRP is meant for DeFi use instances and isn’t an alternative choice to native XRP in XRP Ledger settlements.
Hex Trust holds the position of certified institutional custodian, and minting is proscribed to KYC/AML-verified individuals. That compliance layer is central to how the token was designed, and it separates wXRP from earlier, much less regulated wrapped asset merchandise.
The launch suits a broader sample in crypto the place massive token ecosystems search liquidity and yield alternatives exterior their native chains. Solana beneficial properties one other main asset to assist DeFi whole worth locked development, whereas XRP holders achieve a compliant path to incomes yield on their holdings.
Ripple’s RLUSD stablecoin was talked about as a possible pairing asset for wXRP on Solana, which might open extra buying and selling pairs and liquidity pool configurations as soon as integrations mature.
Growth to different EVM-compatible chains is already in movement, in accordance to the unique December 2025 announcement. With Solana now reside, Hex Trust is anticipated to transfer ahead with these deployments on a rolling foundation.
