Hex Trust Launches wXRP on Solana, Ethereum and Other Chains with $100M+ TVL

Published: 2025-12-15 10:24:15 |

Hex Trust, working with LayerZero and RippleX-related teams, has launched wrapped XRP (wXRP) as a 1:1 tokenized representation of native XRP across Solana at launch and plans deployments on Ethereum, Optimism, HyperEVM and additional chains. wXRP uses LayerZero’s Omnichain Fungible Token standard to enable secure cross‑chain transfers without traditional unregulated bridges; minting and redemption are controlled by authorized merchants and a burn mechanism keeps parity with on‑chain XRP. Hex Trust says it will seed wXRP with over $100 million in total value locked (TVL) at launch and emphasizes institutional custody features — segregated holdings, auditability, insurance and KYC/AML compliance — to meet regulatory expectations. The wrapped token aims to expand XRP’s DeFi utility (swaps, liquidity provisioning, collateral, yield) and interoperate with Ripple products such as RLUSD. XRP traded near $2.00 at publication. Key keywords: wXRP, wrapped XRP, Hex Trust, LayerZero, Solana, Ethereum, TVL, RLUSD, DeFi.

Bullish

The launch of wXRP with institutional custody, LayerZero cross‑chain technology and an announced $100M+ seeding of TVL is likely to increase XRP utility and on‑chain demand. Short term, the news can trigger buying interest as traders anticipate new DeFi flows, liquidity pools and yield opportunities—particularly on Solana where initial liquidity is seeded—which can support price upside for XRP or its wrapped variants. The use of audited custody, insurance and KYC/AML reduces regulatory and counterparty risk compared with unregulated bridges, which should broaden institutional participation over time. Longer term, wider cross‑chain availability and integration with products like RLUSD can sustain higher on‑chain velocity and demand for XRP as collateral, improving market structure. Risks that could temper bullish impact include execution delays on additional chain deployments, lower‑than‑expected TVL uptake, or adverse regulatory developments affecting XRP broadly, but on balance the operational and liquidity enhancements point to a net positive price influence.