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. As a result, XRP holders can now utilize wrapped XRP on various platforms, including Jupiter, Phantom, Titan Exchange, and Meteora, all without having to sell their underlying XRP. Each wrapped XRP is fully backed by native XRP, held in segregated accounts and redeemable at any time, as per Hex Trust. This Solana launch is part of a larger rollout announced by Hex Trust in December 2025, with targets including Ethereum, Optimism, and HyperEVM, reflecting the growing trend of bridging tokens across chains to tap into yield and liquidity. Historically, XRP has served as a payment token settled on the XRP Ledger, whereas Solana is a smart contract platform optimized for high throughput, hosting a vibrant DeFi and memecoin scene. The infrastructure supporting this development is LayerZero, a cross-chain messaging protocol that has gained significant traction in bridge volume, previously dominated by Wormhole, Nomad, and Ronin. 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.