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

On Friday, Wrapped XRP was successfully launched on Solana, courtesy of Hex Trust and LayerZero, thereby introducing the token to Solana's DeFi ecosystem. 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 Hex Trust's broader plan, announced in December 2025, which aims to expand to 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 been used as a payment token on the XRP Ledger, whereas Solana has focused on building a high-throughput smart contract platform. The infrastructure behind this integration is LayerZero, a cross-chain messaging protocol that has gained significant 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.