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

On Friday, wrapped XRP was officially launched on Solana, courtesy of Hex Trust and bridged via LayerZero, thereby making the token accessible within Solana's DeFi ecosystem for the first time. Holders of XRP can now leverage the wrapped asset on various platforms, including Jupiter, Phantom, Titan Exchange, and Meteora, without having to sell their underlying XRP. According to Hex Trust, each wXRP is fully backed by native XRP stored in segregated custody accounts and can be redeemed at any time. This Solana launch is part of a larger rollout strategy announced by Hex Trust in December 2025, which also includes expansions to Ethereum, Optimism, and HyperEVM. This move aligns with the growing trend of tokens being bridged across chains to access yield and liquidity not available at launch. Historically, XRP has been used as a payment token settled directly on the XRP Ledger, while Solana has focused on building a smart contract platform optimized for high throughput, where DeFi and memecoin activities thrive. The underlying infrastructure supporting this development is LayerZero, a cross-chain messaging protocol that has gained significant bridge volume since the exploits of Wormhole, Nomad, and Ronin between 2022 and 2024. The success of XRP in generating meaningful DeFi volume on Solana remains to be seen, as the wrapped asset's launch is just the first step in this experiment.