Hex Trust Brings 1:1 Backed Wrapped XRP to Solana's Ecosystem

Key Takeaways:

• Wrapped XRP launched on Solana this week, backed 1:1 by Hex Trust with roughly 834,498 wXRP in circulation.
• LayerZero’s OFT standard bridges wXRP across chains, giving Solana DeFi access to over $100 million in initial XRP liquidity.
• Phantom, Jupiter, and Meteora already support wXRP, with Ethereum and EVM chain expansions already in motion.

XRP Is Now on Solana via Hex Trust

The launch was confirmed by the official Solana X account, which posted “BREAKING: XRP is live on Solana” alongside a video and technical details. The token, known as wXRP, is issued and custodied by Hex Trust, a regulated digital asset custodian. Cross-chain infrastructure is handled by Layerzero using its OFT bridging standard.

Hex Trust first announced plans for wXRP on Dec. 12, 2025. At that time, the company said the token would launch across multiple blockchains, including Solana, Ethereum, Optimism, and HyperEVM, with additional chains planned. The initial rollout was reported to carry over $100 million in liquidity.

wXRP is fully collateralized at a 1:1 ratio. When an authorized user deposits native XRP with Hex Trust, the custodian mints an equivalent amount of wXRP on the target chain. Users can burn wXRP at any time to redeem native XRP from custody. Hex Trust publishes onchain proof of reserves, and current data shows approximately 50.83 million XRP backing the same amount of wXRP across all supported chains.

On Solana specifically, roughly 834,498 wXRP tokens are currently in circulation. At XRP prices in the $1.44 to $1.50 range, that represents approximately $1.2 million in Solana-based supply.

XRP holders using wXRP on Solana can trade, lend, provide liquidity, or post it as collateral in DeFi protocols. Several major Solana applications already support the token, including Phantom wallet, Jupiter Exchange, Meteora, Titan Exchange, and byreal_io. Additional integrations are expected.

Solana directed users to verify the official wXRP token address at tokens.xyz/xrp to avoid counterfeit tokens. Hex Trust also publishes the full Solana contract address on its site.

XRP moved up roughly 2 to 5 percent in the trading sessions around the launch, with the price holding in the $1.44 to $1.50 range alongside broader market activity.

The wXRP structure introduces two layers of third-party risk that holders should understand. Custody depends on Hex Trust, and bridging depends on Layerzero. wXRP is intended for DeFi use cases and is not a substitute for native XRP in XRP Ledger settlements.

Hex Trust holds the role of qualified institutional custodian, and minting is limited to KYC/AML-verified participants. That compliance layer is central to how the token was designed, and it separates wXRP from earlier, less regulated wrapped asset products.

The launch fits a broader pattern in crypto where large token ecosystems seek liquidity and yield opportunities outside their native chains. Solana gains another major asset to support DeFi total value locked growth, while XRP holders gain a compliant path to earning yield on their holdings.

Ripple’s RLUSD stablecoin was mentioned as a potential pairing asset for wXRP on Solana, which could open additional trading pairs and liquidity pool configurations once integrations mature.

Expansion to other EVM-compatible chains is already in motion, according to the original December 2025 announcement. With Solana now live, Hex Trust is expected to move forward with those deployments on a rolling basis.