Solana Now Supports Wrapped XRP, Expanding DeFi Opportunities for Ripple-Linked Token

On Friday, Wrapped XRP was launched on Solana, courtesy of custodian Hex Trust and bridged via LayerZero, thereby making the token accessible within Solana's DeFi ecosystem for the first time. XRP holders can now leverage the wrapped asset on 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 initially disclosed by Hex Trust in December 2025, which also aims to integrate Ethereum, Optimism, and HyperEVM. This move aligns with the trend observed in 2025 and 2026, where tokens originally launched on a single chain are being bridged to other chains to tap into yield and liquidity that were not available at launch. Historically, XRP has served as a payment-rail token settled directly on the XRP Ledger, whereas Solana has been developed as a smart contract platform optimized for throughput, hosting DeFi and memecoin activities. The underlying infrastructure supporting this development is LayerZero, a cross-chain messaging protocol that has gained significant bridge volume, surpassing Wormhole, Nomad, and Ronin, which suffered combined losses of over $1 billion between 2022 and 2024 due to exploits. However, it remains to be seen whether XRP will generate substantial DeFi volume on Solana, as the success of the wrapped asset hinges on its actual usage by holders.