Wrapped XRP went live on Solana on Friday, issued by custodian Hex Trust and bridged via LayerZero, making the token available within Solana’s DeFi applications for the first time.
XRP holders can now use the asset wrapped in Jupiter, Phantom, Titan Exchange and Meteora without selling their underlying position.
Each wXRP is backed 1:1 by native XRP held in segregated escrow accounts and can be redeemed at any time, according to Hex Trust.
Solana’s launch is a part of a broader Hex Trust launch revealed in December 2025, which also targets Ethereum, Optimism, and HyperEVM. The move fits a pattern that has accelerated through 2025 and 2026, where tokens that began life on one chain join others to capture yield and liquidity that did not exist at launch.
Historically, XRP has functioned as a payment gateway token settled directly on the XRP Ledger. Solana has created the opposite use case, a performance-optimized smart contract platform where DeFi and memecoin activity truly lives.
The piece of infrastructure underlying this deal is LayerZero, the cross-chain messaging protocol that has quietly gained most of the bridge volume that used to flow through Wormhole, Nomad, and Ronin before those protocols were exploited for more than a billion dollars combined between 2022 and 2024.
Whether XRP drives significant DeFi volume on Solana is a separate question. The wrapped asset is active, but the test is whether the holders actually use it.
