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Wrapped XRP (wXRP) has launched on Solana this week, backed 1:1 by Hex Trust and designed to bring XRP liquidity and DeFi utility to Solana’s ecosystem. Solana’s official X account confirmed the rollout, stating “XRP is live on Solana” alongside technical details.
wXRP is issued and custodied by Hex Trust, a regulated digital asset custodian. Cross-chain movement is handled by LayerZero using its OFT (Omnichain Fungible Token) bridging standard.
Hex Trust describes the token as fully collateralized at a 1:1 ratio. When an authorized user deposits native XRP with Hex Trust, the custodian mints an equivalent amount of wXRP on the target chain. Users can burn wXRP at any time to redeem native XRP from custody. Hex Trust also publishes onchain proof of reserves.
Across supported chains, current data cited in the article shows approximately 50.83 million XRP backing the same amount of wXRP.
On Solana specifically, roughly 834,498 wXRP tokens are reported to be in circulation. Using the XRP price range of $1.44 to $1.50, the Solana-based supply is estimated at about $1.2 million.
The initial rollout was reported to carry over $100 million in liquidity, and the token’s structure is intended to support DeFi activity rather than replace native XRP for XRP Ledger settlements.
Several Solana applications already support wXRP, including Phantom wallet, Jupiter Exchange, Meteora, Titan Exchange, and byreal_io. The article also notes that additional integrations are expected.
For XRP holders using wXRP on Solana, the token can be used to trade, lend, provide liquidity, or post as collateral in DeFi protocols.
Solana directed users to verify the official wXRP token address at tokens.xyz/xrp to avoid counterfeit tokens. Hex Trust also publishes the full Solana contract address on its site.
Hex Trust first announced plans for wXRP on Dec. 12, 2025. At the time, the company said the token would launch across multiple blockchains, including Solana, Ethereum, Optimism, and HyperEVM, with additional chains planned. The article states that Ethereum and EVM chain expansions are already in motion.
The article reports that XRP moved up roughly 2% to 5% in trading sessions around the launch, with the price holding in the $1.44 to $1.50 range alongside broader market activity.
It also highlights two layers of third-party risk for wXRP holders: custody depends on Hex Trust, and bridging depends on LayerZero. The token is intended for DeFi use cases and is not positioned as a substitute for native XRP in XRP Ledger settlements.
The rollout reflects a broader crypto pattern in which major token ecosystems seek liquidity and yield opportunities beyond their native chains. The article frames the move as adding another major asset to support Solana’s DeFi growth, while offering XRP holders a more compliant route to earning yield through wrapped-token infrastructure.
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