XRP Expansion: Wrapped Token Now Available on Solana, Expanding DeFi Opportunities

The launch of wrapped XRP on Solana, facilitated by Hex Trust and bridged via LayerZero, has made the token accessible within Solana's DeFi ecosystem for the first time. This development allows XRP holders to utilize their wrapped assets on platforms like Jupiter, Phantom, Titan Exchange, and Meteora without needing to sell their underlying XRP. Each wrapped XRP is fully backed by native XRP, held in segregated custody accounts, and can be redeemed at any time. This Solana launch is part of a larger rollout announced by Hex Trust in December 2025, which also includes deployments on Ethereum, Optimism, and HyperEVM. The move aligns with the growing trend of bridging tokens across different chains to tap into yield and liquidity opportunities that were 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 high-throughput smart contract platform. The infrastructure supporting this initiative is LayerZero, a cross-chain messaging protocol that has gained significant traction in bridge volume. The success of XRP in generating substantial DeFi activity on Solana remains to be seen, with the true test being the adoption and usage of the wrapped token by holders.