XRP’s New Adventure: Solana & Hex Trust Unleashed!

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Hex Trust, that paragon of digital stewardship, proclaimed on a Thursday, as if addressing the heavens, that it would initiate the issuance and custody of wrapped XRP, a token designed to let XRP traverse the blockchain realms while remaining steadfastly backed 1:1 by the original asset. 🧵

The Hong Kong-based digital asset custodian, with a flourish of bureaucratic precision, declared that this new token, wXRP, would permit XRP to pirouette through decentralized finance applications on chains such as Ethereum, Solana, Optimism, and HyperEVM. The initiative, a beacon of accessibility, aims to liberate XRP from its native ledger and offer users a regulated path to traverse networks. 🚀

More XRP ecosystems is a good thing. Letting XRP operate in more environments builds utility, and the XRPL remains the anchor that makes it all work.

– David ‘JoelKatz’ Schwartz (@JoelKatz) December 12, 2025

Ripple’s chief technology officer, David Schwartz, hailed the development, declaring that expanding XRP into more ecosystems “builds utility” while the XRP Ledger remains the “anchor” that holds the entire structure together. ⚓

XRP Coming To Solana?

Solana, that swift network, declared that XRP has remained one of the most trusted and liquid cryptocurrencies. Now, XRP’s long-standing utility will run on Solana’s fast network. 🐎

From day one, users will be graced with robust liquidity, enabling traders, holders, and institutions to wield XRP across Solana DEXs, lending markets, and liquidity pools, while still retaining full exposure to the original XRP and redeeming it at will on the XRP Ledger. 💸

Solana also announced that Hex Trust and LayerZero Core will bridge and issue $wXRP, a Solana-based token that can always be redeemed 1:1 for XRP. 🔄

Launch Backed by $100 Million in Locked Value

Hex Trust, with a flourish of fiscal grandeur, stated that wXRP will launch with more than $100 million in total value locked, providing liquidity from the first day of trading. The asset will be issued only when an equivalent amount of native XRP is deposited in custody and will be burned when redeemed, ensuring a 1:1 ratio. 💰

The company, ever the meticulous bureaucrat, said authorized merchants will be able to mint and redeem the token through an automated and compliant process. Users will also be able to access DeFi features when supported, such as liquidity pools and rewards. 📈

Cross-Chain Trading With RLUSD

wXRP will also be tradeable with Ripple’s stablecoin RLUSD on Ethereum and other networks where RLUSD operates. RippleX senior vice president Markus Infanger, ever the optimist, said demand has grown for ways to use XRP across multiple ecosystems, and the wrapped asset fits with the company’s efforts to expand regulated access to DeFi. 🌐

Custody and Compliance

Hex Trust, that paragon of prudence, said the underlying XRP will be held in regulated, segregated custody accounts that follow KYC and AML requirements. The wrapped token uses LayerZero’s OFT standard to allow transfers between chains. 🛡️

The company, ever the moral compass, said the design is aimed at institutions, DeFi projects, and retail users who want to use XRP in cross-chain applications without relying on unregulated bridges, which have been frequent targets of hacks. ⚠️

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FAQs

What is wrapped XRP (wXRP)?

Wrapped XRP (wXRP) is a token that represents XRP on other blockchains like Ethereum or Solana, allowing it to be used in DeFi applications while being securely backed 1:1 by the original XRP. 🧙‍♂️

How is wXRP different from regular XRP?

wXRP works on multiple blockchains (e.g., Ethereum, Solana) for DeFi use, while regular XRP operates primarily on its own native XRP Ledger. Each wXRP is fully backed by real XRP in regulated custody. 🧱

Is wrapped XRP safe to use?

Yes, wXRP is issued by a regulated custodian with secure, segregated holdings. It uses a compliant 1:1 backing model, reducing risks common with unregulated cross-chain bridges. 🛡️

What can you do with wrapped XRP?

You can use wXRP in decentralized finance (DeFi) across chains for trading, liquidity pools, and earning rewards, including trading against Ripple’s RLUSD stablecoin on supported networks. 📈

How do you convert XRP to wrapped XRP?

Authorized merchants can mint wXRP by depositing an equivalent amount of XRP into regulated custody; the process is automated and ensures a secure 1:1 conversion for users. 🔄

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2025-12-12 09:26