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

On Friday, Wrapped XRP was officially launched on Solana, courtesy of Hex Trust and LayerZero, thereby granting access to 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, all without needing 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 strategy announced by Hex Trust in December 2025, targeting additional chains such as Ethereum, Optimism, and HyperEVM. This move aligns with the growing trend of bridging tokens across chains to tap into yield and liquidity opportunities that were not available at launch. Historically, XRP has served as a payment token settled directly on the XRP Ledger, whereas Solana has focused on building a high-throughput smart contract platform. The underlying infrastructure supporting this development is LayerZero, a cross-chain messaging protocol that has gained significant traction in bridge volume. The success of XRP in generating substantial DeFi volume on Solana remains to be seen, with the wrapped token now live and awaiting adoption by holders.