Ripple-linked token goes live on Solana in DeFi boost

Wrapped XRP went live on Solana on Friday, issued by custodian Hex Trust and bridged through LayerZero, making the token available inside Solana’s DeFi apps for the first time.

XRP holders can now use the wrapped asset on Jupiter, Phantom, Titan Exchange, and Meteora without selling their underlying position.

Each wXRP is backed 1:1 by native XRP held in segregated custody accounts and is redeemable at any time, according to Hex Trust.

The Solana launch is one leg of a broader rollout Hex Trust disclosed in December 2025, which also targets Ethereum, Optimism, and HyperEVM. The move fits a pattern that has accelerated through 2025 and 2026, where tokens that started their life on one chain are being bridged to others to capture yield and liquidity that did not exist at launch.

XRP has historically functioned as a payment-rail token settled directly on the XRP Ledger. Solana has built the opposite use case, a throughput-optimized smart contract platform where the DeFi and memecoin activity actually lives.

The piece of infrastructure underneath this deal is LayerZero, the cross-chain messaging protocol that has quietly won most of the bridge volume that used to flow through Wormhole, Nomad, and Ronin before those protocols were exploited for more than $1 billion combined between 2022 and 2024.

Whether XRP generates meaningful DeFi volume on Solana is a separate question. The wrapped asset is live, but the test is whether holders actually use it.