Wrapped XRP went live on Solana on Friday, issued by custodian Hex Trust and bridged through LayerZero, making the token available in Solana’s DeFi applications for the first time.
XRP holders can now use the wrapped asset on Jupiter, Phantom, Titan Exchange, and Meteora without selling their underlying positions.
According to Hex Trust, each wXRP is backed 1:1 by native XRP held in a separate escrow account and can be redeemed at any time.
The launch of Solana is part of the wider Hex Trust rollout revealed in December 2025, with plans also targeting Ethereum, Optimism and HyperEVM. The move fits a pattern that has accelerated in 2025 and 2026, whereby tokens that began their lives on one chain are being bridged with other chains to capture yields and liquidity that did not exist at the time of launch.
XRP has historically served as a payment rail token settled directly on the XRP ledger. Solana built the opposite use case, a throughput-optimized smart contract platform where DeFi and memecoin activity actually exist.
The infrastructure behind the deal is LayerZero, a cross-chain messaging protocol that has quietly won much of the bridging traffic flowing through Wormhole, Nomad, and Ronin in the past, before the combined value of these protocols being leveraged exceeded $1 billion between 2022 and 2024.
Whether XRP is generating meaningful DeFi trading volume on Solana is a separate question. The wrapped asset is real-time, but the test is whether the holder actually uses it.