Wrapped XRP (wXRP) went live on Solana on April 18, 2026, marking a significant expansion for both XRP holders and the Solana ecosystem. Issued by regulated digital asset custodian Hex Trust, wXRP is fully collateralized 1:1 with native XRP, enabling users to participate in Solana’s decentralized finance (DeFi) protocols without liquidating their original positions.
Key Metrics and Ecosystem Integration
According to the official Solana X account, the launch was announced with a video and technical details. Currently, approximately 834,498 wXRP tokens are in circulation on Solana, representing about $1.2 million in value (given XRP’s price range of $1.44–$1.50). The total supply of wXRP across all supported chains is backed by approximately 50.83 million XRP, as verified by Hex Trust’s on-chain proof of reserves.
Several major Solana applications have already integrated wXRP from day one, including Phantom wallet, Jupiter Exchange, Meteora, Titan Exchange, and byreal_io. Users can trade, lend, borrow, provide liquidity, or use wXRP as collateral in various DeFi protocols. Hex Trust has published the official Solana contract address on its website and advises users to verify the token address at tokens.xyz/xrp to avoid scams.
Institutional Custody and Cross-Chain Architecture
wXRP leverages LayerZero’s Omnichain Fungible Token (OFT) standard for seamless cross-chain interoperability. Hex Trust serves as the qualified institutional custodian, with minting restricted to KYC/AML-compliant participants. When an authorized user deposits native XRP with Hex Trust, the custodian mints an equivalent amount of wXRP on the destination chain. Conversely, burning wXRP allows users to redeem the underlying XRP at any time.
This design introduces two layers of third-party risk: custody relies on Hex Trust, while bridging relies on LayerZero. However, the compliance layer sets wXRP apart from earlier, less regulated wrapped tokens. Hex Trust first announced plans for wXRP on December 12, 2025, targeting multiple blockchains including Solana, Ethereum, Optimism, and HyperEVM. The initial liquidity pool was reported to exceed $100 million.
Market Reaction and Future Roadmap
XRP’s price gained approximately 2% to 5% during trading sessions around the launch, hovering in the $1.44–$1.50 range alongside broader market trends. The launch aligns with the growing pattern of major token ecosystems seeking liquidity and yield opportunities beyond their native chains.
Ripple’s stablecoin RLUSD has been mentioned as a potential pairing asset for wXRP on Solana, which could unlock additional trading pairs and liquidity pool configurations once integrations mature. Expansion to other EVM-compatible chains is already underway, following the original December 2025 announcement. Now that Solana is live, Hex Trust is expected to progressively deploy wXRP on Ethereum, Optimism, and HyperEVM in the coming months.
Conclusion: wXRP’s arrival on Solana represents a milestone in cross-chain asset interoperability and institutional-grade DeFi access. XRP holders gain a compliant, efficient way to earn yield on their assets, while Solana strengthens its DeFi total value locked with a major blue-chip token.