XRP Expands DeFi Reach with Solana Launch

On Friday, wrapped XRP was launched on Solana, courtesy of custodian Hex Trust and bridging protocol LayerZero, thereby making the token accessible within Solana's DeFi ecosystem for the first time. Holders of XRP can now utilize the wrapped token 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 accounts, and can be redeemed at any time. This launch is part of a larger rollout announced by Hex Trust in December 2025, which also includes Ethereum, Optimism, and HyperEVM. This development aligns with the growing trend of tokens expanding their reach across multiple chains to tap into new yield and liquidity opportunities. 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. The infrastructure supporting this integration is LayerZero, a cross-chain messaging protocol that has gained significant traction in the bridging space. The success of XRP in generating substantial DeFi activity on Solana remains to be seen, as the wrapped asset's launch is just the initial step.