Wrapped XRP is now live on the Solana blockchain, issued by digital asset custodian Hex Trust and bridged via the LayerZero protocol. This marks the first time the Ripple-linked token is available within Solana's decentralized finance ecosystem.
XRP holders can now use the wrapped asset, known as wXRP, on platforms like Jupiter, Phantom, Titan Exchange, and Meteora. Each wXRP token is backed 1:1 by native XRP held in segregated custody accounts and is redeemable at any time.
The Solana launch is part of a broader multi-chain rollout first announced by Hex Trust in December 2025, which also targets Ethereum, Optimism, and HyperEVM. This move reflects an industry trend where tokens native to one blockchain are bridged to others to capture new yield and liquidity opportunities.
XRP has traditionally functioned as a payment-settlement token on the XRP Ledger. Solana, in contrast, is a high-throughput smart contract platform hosting significant DeFi and memecoin activity. The integration is powered by LayerZero, a cross-chain messaging protocol that has captured significant bridge volume following exploits on competing services.
The key test will be whether XRP holders actively utilize the wrapped token to generate meaningful DeFi volume on the Solana network.