Wrapped
XRP holders can now use the wrapped asset on Jupiter, Phantom, Titan Exchange and Meteora without selling their underlying position.
Each wXRP is backed 1:1 by native XRP held in separate custodial accounts and is redeemable at any time, according to Hex Trust.
The Solana launch is one step in a broader Hex Trust rollout disclosed in December 2025, which also targets Ethereum, Optimism and HyperEVM. The move is part of a trend that has accelerated through 2025 and 2026, where tokens that began life on one chain are linked to others to capture yield and liquidity that did not exist at launch.
XRP has historically functioned as a payment token settled directly on the XRP Ledger. Solana built the opposite use case, a throughput-optimized smart contracts platform where DeFi and memecoin activity actually happens.
The infrastructure behind this deal is LayerZero, the cross-chain messaging protocol that quietly won most of the bridge volume that flowed through Wormhole, Nomad, and Ronin before those protocols were mined for over $1 billion combined between 2022 and 2024.
Whether XRP generates significant DeFi volume on Solana is a separate question. The wrapped asset is active, but the test is whether the holders actually use it.
