XRP is stepping out of its home base on the XRP Ledger and into the wider DeFi world through a new wrapped token that will live on several major blockchains. Hong Kong based custodian Hex Trust is launching wrapped XRP, or wXRP, a 1:1 backed version of XRP that will debut with more than 100 million dollars in total value locked. The token is being rolled out on Ethereum, Solana, Optimism and HyperEVM, giving traders and protocols native style XRP exposure on those networks from day one.
Unlike older cross chain bridges that relied on lightly regulated entities, this setup is designed around institutional custody and compliance. Every unit of wXRP corresponds to an equal amount of XRP held in segregated, audited accounts at Hex Trust, with minting and redemption handled through automated controls that enforce the 1:1 backing. The bridge uses LayerZero’s omnichain token standard so users can move value between chains without depending on ad hoc third party bridges, while still being able to plug into swaps, lending markets and liquidity pools wherever wXRP is supported.
For Ripple and the broader XRP ecosystem, this is about unlocking new use cases rather than replacing the native chain. Developers and institutions will be able to pair wXRP with Ripple’s RLUSD stablecoin on Ethereum and other networks, route liquidity into Solana’s fast growing DeFi stack and tap Optimism’s rollup environment, all while keeping the underlying XRP in a single regulated custody setup. Solana’s team has framed the move as combining XRP’s established liquidity with Solana’s high throughput design, a pattern other chains are also leaning into as they court battle tested assets instead of launching yet another new token.
Price action has been calmer than the fundamentals might suggest. Around the time of the announcement, XRP was trading near the 2 dollar mark, with buyers defending that psychological level and sellers capping rallies just above 2.05 dollars. Analysts say that rangebound behavior shows traders are still digesting broader market conditions, even as the structural picture improves with more on chain venues where XRP style liquidity can be deployed. Over time, if wXRP gains traction across Solana, Ethereum and other networks, the launch could mark a meaningful step in turning XRP from a mostly single chain asset into a piece of the wider multichain DeFi puzzle.





































































































