Ripple linked XRP It will soon be available on Ethereum and Solana, expanding its use in DeFi and market making beyond the XRP Ledger.
This unlock is thanks to a new wrapper from Hex Trust, a digital asset company and custodian that issues wXRP, a 1:1 backed representation of XRP on Ethereum, Solana, Optimism, and HyperEVM. In the future, additional blockchains will be added for wXRP integration.
“With wXRP, we are expanding the liquidity of XRP in DeFi and cross-chain networks, including broader utility between XRP and RLUSD,” Giorgia Pelizzari, CPO and Head of Custody at Hex Trust, said in a statement.
🚀 Big news for the #XRP ecosystem! @Hex_Trust is launching and securing Wrapped XRP (wXRP), a 1:1 backed representation of native XRP issued on the @LayerZero_Core OFT Standard, to unlock #DeFi utilities across multiple blockchains, including @Solana.
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— Hex Trust (@Hex_Trust) December 12, 2025
“Users of wXRP and RLUSD will now benefit from two assets built on trusted and compliant infrastructure, enabling broader DeFi utility for XRP and RLUSD across supported blockchains,” she added.
The wrapped XRP tokens will be stored through Hex Trust’s institutional-grade custody and transparently backed by 1:1 XRP that complies with KYC/AML standards, the company said.
First, wXRP will launch with a total value of $100 million in valued locks (TVL) to provide the liquidity foundation for the entire blockchain. As of now, the Hex Trust website’s dashboard shows that the company holds over 50 million XRP in reserves. wXRP is already in circulation on Ethereum.
Token launch on Solana will take place soon. The transactions between Optimism and HyperEVM indicate that the token contract has been created, but there is currently only one wXRP in circulation on Optimism and none on HyperEVM.
“As demand for the use of XRP increases across the broader cryptocurrency ecosystem and institutions, we are excited to see Hex Trust address this demand,” Markus Infanger, SVP of Ripple X, said in a statement. “This is also a natural fit for the work we are doing at RLUSD, providing a regulated way for people to access DeFi and manage their XRP positions across supported chains.”
Ripple stablecoin, RLUSD, Released in December last year But it’s also becoming more practical. for example, Ripple partners with Mastercard and Gemini To use RLUSD to settle credit card transactions.
XRP has fallen nearly 1% in the past 24 hours and was recently hovering around $2.00.
