✨️⚡️✨️ XRP Bridges to Major Ecosystems with wXRP Launch
A monumental shift in XRP's utility is underway as Hex Trust announces the launch of wrapped XRP (wXRP), enabling the fifth-largest digital asset to integrate seamlessly across major blockchain networks, including Ethereum and Solana. This initiative signifies a critical expansion, moving XRP beyond its native XRP Ledger (XRPL) and directly into the heart of cross-chain decentralized finance (DeFi).
The core of this expansion is the 1:1-backed wXRP, which will debut with over $100 million in Total Value Locked (TVL), ensuring immediate liquidity and market stability. By adopting LayerZero’s Omnichain Fungible Token standard, wXRP achieves native interoperability, initially connecting to Ethereum, Solana, Optimism, and HyperEVM, with plans to support additional chains in the future.
This move is particularly attractive to institutions and users seeking compliant, low-risk cross-chain functionality. Each wXRP token is fully backed by native XRP held in segregated custody by Hex Trust. This regulated structure allows users to participate in DeFi activities like swaps and liquidity provision securely, offering a fully auditable and redeemable asset that avoids reliance on potentially risky, unregulated third-party bridges.
RippleX leadership has affirmed that this launch addresses the rising demand from institutions to leverage XRP across the broader crypto landscape. The expansion aligns strategically with other Ripple initiatives, such as RLUSD, creating a comprehensive and regulated pathway for users to manage their XRP positions and access DeFi services across diverse chains.
Despite the profound technical and strategic significance of bringing XRP to these massive ecosystems, the market reaction to the announcement was initially muted, with the XRP price showing only minor movement. However, the long-term impact of this utility expansion cementing XRP's role in a multi-chain financial future is expected to be substantial.
✅️ FOLLOW now
