XRP Expands to Solana, Unlocking New DeFi Opportunities

On Friday, wrapped XRP was launched on Solana, courtesy of Hex Trust and LayerZero, allowing the token to be utilized within Solana's DeFi ecosystem for the first time. XRP holders can now leverage the wrapped asset on various platforms, including Jupiter, Phantom, Titan Exchange, and Meteora, without having to sell their underlying XRP. Each wrapped XRP is backed by native XRP, held in segregated accounts, and can be redeemed at any time. This launch is part of Hex Trust's broader strategy, announced in December 2025, which aims to expand to Ethereum, Optimism, and HyperEVM. This move aligns with the growing trend of bridging tokens across chains to tap into yield and liquidity opportunities. Historically, XRP has been used as a payment token on the XRP Ledger, whereas Solana is optimized for smart contracts and DeFi activity. The infrastructure behind this development is LayerZero, a cross-chain messaging protocol that has gained significant traction. The success of XRP on Solana will depend on whether holders actively utilize the wrapped asset.