Hex Trust will issue and custody wrapped XRP (wXRP), a 1:1-backed token of XRP designed to expand DeFi and cross-chain utility. wXRP will launch with $100M+ TVL and be tradable on Ethereum, Solana, Optimism, HyperEVM and more, with pairing support for RLUSD.

Hex Trust, a regulated institutional digital asset custodian based in Hong Kong, has announced it will issue and custody wrapped XRP (wXRP), a tokenized representation of native XRP that is backed 1:1 by XRP held in Hex Trust’s regulated custody. wXRP is designed to extend XRP’s utility beyond the XRP Ledger into DeFi and cross‑chain environments, with Hex Trust stating that the asset will launch with over $100 million in total value locked (TVL) to provide initial liquidity depth and more stable pricing. Authorized merchants will be able to mint and redeem wXRP in a compliant, automated setup, with each wXRP redeemable on demand for native XRP. Functionally, wXRP serves as a cross‑chain bridge for XRP liquidity, enabling XRP holders to use their exposure on networks such as Ethereum, Solana, Optimism, and HyperEVM, with additional chains planned. Hex Trust positions wXRP to be tradable and usable in DeFi, including swaps, liquidity provision, and collateral use, and specifically highlights pairing with Ripple USD (RLUSD), Ripple’s regulated USD‑backed stablecoin, wherever RLUSD is supported. This is intended to expand XRP–RLUSD trading and liquidity pairs across multiple chains and to give institutions a regulated pathway into XRP‑linked DeFi activity. By combining regulated custody, on‑chain proof of reserves, and multi‑chain deployment (with Solana already live and EVM rollouts underway), wXRP is framed as part of a broader push to integrate XRP liquidity into higher‑velocity DeFi ecosystems while maintaining institutional compliance standards. "entities":["Hex Trust","wrapped XRP","wXRP","XRP","Ripple","Ripple USD","RLUSD","Ethereum","Solana","Optimism","HyperEVM","LayerZero","XRP Ledger","Phantom","Jupiter","Meteora","Titan Exchange","byreal_io","Giorgia Pellizzari"]}`

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• wXRP — Wrapped XRP on Solana & Ethereum - Hex Trust (hextrust.com)
• Hex Trust announces issuing and custody of wrapped XRP (assetservicingtimes.com)
• Hex Trust Brings 1:1 Backed Wrapped XRP to Solana's Ecosystem (news.bitcoin.com)
• Hex Trust to issue, custody wrapped XRP digital asset (w.theasset.com)
• Hex Trust Brings WXRP to Solana Via LayerZero—XRP Joins ... (binance.com)

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