XRP Expansion: Wrapped XRP Now Available on Solana, Enhancing DeFi Capabilities

In a notable development, wrapped XRP has been launched on Solana, facilitated by custodian Hex Trust and bridged via LayerZero, thereby making the token accessible within Solana's DeFi ecosystem for the first time. This move allows XRP holders to utilize the wrapped asset on various platforms, including Jupiter, Phantom, Titan Exchange, and Meteora, without having to sell their underlying XRP. Each wrapped XRP is fully backed by native XRP, held in segregated custody accounts, and can be redeemed at any time. This Solana launch is part of a larger rollout announced by Hex Trust in December 2025, which also aims to integrate with Ethereum, Optimism, and HyperEVM. This trend of bridging tokens across chains to tap into yield and liquidity has gained momentum in 2025 and 2026. Historically, XRP has been used as a payment token on the XRP Ledger, whereas Solana has focused on building a high-throughput smart contract platform geared towards DeFi and memecoin activities. The infrastructure supporting this initiative is LayerZero, a cross-chain messaging protocol that has become a dominant player in bridge volume after other protocols like Wormhole, Nomad, and Ronin faced significant exploits between 2022 and 2024. The success of XRP in generating substantial DeFi volume on Solana remains to be seen, as the wrapped asset's launch is just the first step in this experiment.