Hex Trust announces a partnership with LayerZero to launch Wrapped XRP (wXRP), pioneering on the Solana network. This move marks a significant step forward for the XRP ecosystem in cross-chain DeFi, laying the foundation for cross-chain asset support, liquidity expansion, and more diverse decentralized application scenarios.
wXRP is a wrapped token supported 1:1 by native XRP, with custody handled by regulated Hex Trust. authorized merchants can mint and redeem wXRP within a compliant environment, maintaining a peg to the native XRP. In the initial launch phase, the total value locked (TVL) of wXRP will exceed $100 million, providing a solid liquidity base for DeFi trading and liquidity markets.
Functionally, wXRP will support cross-chain asset interoperability, enabling users to participate in swaps, liquidity provision, yield farming, and other DeFi activities across networks such as Solana, Ethereum, Optimism, HyperEVM, and more. Additionally, wXRP will create synergy with Ripple’s ongoing stablecoin RLUSD, further driving growth in multi-chain DeFi applications.
Hex Trust notes that both wXRP and RLUSD are built on regulated, auditable infrastructure, ensuring that institutional and individual users can securely access cross-chain asset management tools with AML protections, insurance, and transparent audits. The issuance of wXRP follows a burn-and-mint mechanism to ensure the supply is fully collateralized by the held native XRP.
Technically, wXRP adopts LayerZero’s OFT cross-chain standard, enabling seamless communication between multiple chains and allowing projects to leverage broader ecosystem liquidity and asset pathways. RippleX also stated that wXRP will become a key component of XRPL’s cross-chain expansion, complementing the recent XRPL v3.0.0 upgrade.
Following this announcement, XRP’s price increased by over 2% in the past 24 hours, reaching a high of $2.05, while Solana (SOL) rebounded over 6% from lows. Despite relatively low market trading volume, overall sentiment has turned more positive.
The launch of wXRP on Solana not only enhances XRP’s cross-chain capabilities but also provides a new liquidity gateway for the broader multi-chain DeFi ecosystem, potentially extending XRP’s application scope and value in the crypto market of 2025. (CoinGape)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP taps 44 million Rakuten users as Japan loyalty points turn into crypto
Rakuten Wallet has introduced XRP for trading and payments in Japan, allowing 44 million Rakuten Pay users to convert loyalty points into XRP, effectively integrating it into a major consumer commerce network. This move enhances everyday spending and expands XRP's reach in the market.
Cryptonews23m ago
Rakuten Pay Integrates XRP for 44 Million Japanese Users, Enables Payments at 5M+ Merchants
Rakuten Pay has integrated XRP, enabling 44 million users to spend the cryptocurrency at over 5 million merchants in Japan. This integration highlights a shift from trading cryptocurrencies to everyday payments, supported by Japan's favorable regulations and fintech infrastructure.
GateNews20h ago
MoonPay Hints at Potential Ripple Collaboration With XRP-Themed Post
MoonPay's recent social media post featuring an XRP theme has sparked speculation about a potential partnership with Ripple. As both companies focus on enhancing cryptocurrency infrastructure, the implications of this possible collaboration, along with Ripple's initiatives in institutional finance, highlight a shift towards practical applications in the crypto space.
GateNews20h ago
Gate’s “Crazy Wednesday” is live with a hot launch. Complete tasks to win XRP and Glenfiddich whisky. For USDT savings, earn up to 100% APY. For BTC/ETH/SOL staking, earn up to 16% mining APY.
Gate News message, according to Gate’s official announcement on April 15, 2026
Gate launches a “Crazy Wednesday” campaign, running from April 15, 2026 at 14:00 to April 19, 2026 at 16:00 (UTC+8). Users complete multiple tasks to unlock mystery boxes, with a chance to win XRP tokens and Glenfiddich whisky. The mystery box tasks include multiple categories such as flash swaps, spot, and futures trading, as well as top-ups, invitations, and VIP upgrades, and each tier corresponds to a different number of mystery box openings.
Campaign Two launches a USDT wealth-management product, with a 14-day fixed-term annualized yield of 6%. New users can also participate in a 3-day product offering 100% annualized yield. In addition, Yu’e Bao also offers multi-currency wealth-management options such as USAT, USDD, 0G, and APT, with annualized returns of up to 300%. Campaign Three introduces a boosted rewards policy for staking users, offering up to a 16% annualized return for staking BTC, ETH, and SOL; for SOL staking, staking 0–1 coins can yield up to 16% annualized.
GateAnnouncement04-15 04:27
XRP Today News: CLARITY Act Pushes Through in May, Standard Chartered Bank Turns Bullish on $8
Ripple CEO Garlinghouse confirmed at the summit that the CLARITY Act’s goal for passage is by the end of May, and said that the controversy surrounding stablecoin yield rates is nearing resolution. If the bill passes, XRP is expected to rise to $5–$10; otherwise, it could fall back to $1.2. The bill’s passage would create a regulatory framework for the digital asset market, clarify XRP’s classification as a commodity, and reduce compliance barriers for institutional investors.
MarketWhisper04-15 02:58
