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

In a recent development, wrapped XRP has been launched on Solana, courtesy of custodian Hex Trust and bridged via LayerZero, thereby making the token accessible within Solana's DeFi ecosystem for the first time. This move allows XRP holders to utilize the wrapped asset 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 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, targeting additional chains such as Ethereum, Optimism, and HyperEVM. This strategy 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 utilized as a payment token settled directly on the XRP Ledger, whereas Solana has been optimized for smart contracts and has become a hub for DeFi and memecoin activities. The infrastructure supporting this development is LayerZero, a cross-chain messaging protocol that has gained significant traction and bridge volume, particularly after other protocols like Wormhole, Nomad, and Ronin faced substantial exploits between 2022 and 2024. The success of XRP in generating meaningful DeFi volume on Solana remains to be seen, as the wrapped asset's launch is just the first step in this new chapter.