{"id":71339,"date":"2026-04-18T23:01:20","date_gmt":"2026-04-18T23:01:20","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/hex-trust-brings-11-backed-wrapped-xrp-to-solanas-ecosystem-bitcoin-news\/"},"modified":"2026-04-18T23:01:20","modified_gmt":"2026-04-18T23:01:20","slug":"hex-trust-brings-11-backed-wrapped-xrp-to-solanas-ecosystem-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/hex-trust-brings-11-backed-wrapped-xrp-to-solanas-ecosystem-bitcoin-news\/","title":{"rendered":"Hex Trust Brings 1:1 Backed Wrapped XRP to Solana&#8217;s Ecosystem \u2013 Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li>Wrapped <span>XRP<\/span> launched on <span>Solana<\/span> this week, backed 1:1 by Hex Trust with roughly 834,498 wXRP in circulation.<\/li>\n<li>LayerZero\u2019s OFT standard bridges wXRP across chains, giving <span>Solana<\/span> <span>DeFi<\/span> access to over $100 million in initial <span>XRP<\/span> <span>liquidity<\/span>.<\/li>\n<li>Phantom, Jupiter, and Meteora already support wXRP, with Ethereum and <span>EVM<\/span> chain expansions already in motion.<\/li>\n<\/ul>\n<h2> <span>XRP<\/span> Is Now on <span>Solana<\/span> via Hex Trust<\/h2>\n<p>The launch was <a href=\"https:\/\/x.com\/solana\/status\/2045183259882168598?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">confirmed<\/a> by the official <span>Solana<\/span> X account, which posted \u201cBREAKING: <span>XRP<\/span> is live on <span>Solana<\/span>\u201d alongside a video and technical details. The token, known as <a href=\"https:\/\/www.hextrust.com\/services\/wrapping\/wxrp\" target=\"_blank\" rel=\"noopener noreferrer\">wXRP,<\/a> is issued and custodied by Hex Trust, a regulated digital asset custodian. Cross-chain infrastructure is handled by Layerzero using its OFT bridging standard.<\/p>\n<p>Hex Trust first <a href=\"https:\/\/www.hextrust.com\/resources-collection\/hex-trust-to-issue-and-custody-wrapped-xrp-wxrp\" target=\"_blank\" rel=\"noopener noreferrer\">announced<\/a> plans for wXRP on Dec. 12, 2025. At that time, the company said the token would launch across multiple <span>blockchains<\/span>, including <a href=\"https:\/\/news.bitcoin.com\/currenc-group-tokenizes-ordinary-shares-on-ethereum-and-solana-via-securitize\/\">Solana<\/a>, Ethereum, Optimism, and HyperEVM, with additional chains planned. The initial rollout was reported to carry over $100 million in <span>liquidity<\/span>.<\/p>\n<p>wXRP is fully collateralized at a 1:1 ratio. When an authorized user deposits native <span>XRP<\/span> 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 <span>XRP<\/span> from custody. Hex Trust publishes onchain proof of reserves, and current data shows approximately 50.83 million <span>XRP<\/span> backing the same amount of wXRP across all supported chains.<\/p>\n<p>On <span>Solana<\/span> specifically, roughly 834,498 wXRP tokens are currently in circulation. At <span>XRP<\/span> prices in the $1.44 to $1.50 range, that represents approximately $1.2 million in Solana-based supply.<\/p>\n<p> <span>XRP<\/span> holders using wXRP on <span>Solana<\/span> can trade, lend, provide <span>liquidity<\/span>, or post it as collateral in <a href=\"https:\/\/news.bitcoin.com\/unlocking-the-future-your-fun-guide-to-decentralized-finance-and-web3\/\">DeFi<\/a> protocols. Several major <span>Solana<\/span> applications already support the token, including Phantom wallet, Jupiter Exchange, Meteora, Titan Exchange, and byreal_io. Additional integrations are expected.<\/p>\n<p> <span>Solana<\/span> directed users to verify the official wXRP token address at tokens.xyz\/xrp to avoid counterfeit tokens. Hex Trust also publishes the full <span>Solana<\/span> contract address on its site.<\/p>\n<p><a href=\"https:\/\/news.bitcoin.com\/xrp-holds-breakout-as-global-macro-conditions-improve-and-stronger-institutional-flows-support-further-upside\/\">XRP<\/a> 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.<\/p>\n<p>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 <span>DeFi<\/span> use cases and is not a substitute for native <span>XRP<\/span> in <span>XRP<\/span> Ledger settlements.<\/p>\n<p>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.<\/p>\n<p>The launch fits a broader pattern in <span>crypto<\/span> where large token ecosystems seek <span>liquidity<\/span> and yield opportunities outside their native chains. <span>Solana<\/span> gains another major asset to support <span>DeFi<\/span> total value locked growth, while <span>XRP<\/span> holders gain a compliant path to earning yield on their holdings.<\/p>\n<p>Ripple\u2019s <a href=\"https:\/\/news.bitcoin.com\/exodus-broadens-native-xrp-wallet-support-as-ripple-partnership-deepens-around-rlusd-and-xrpl-growth\/\">RLUSD<\/a> <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoin<\/a> was mentioned as a potential pairing asset for wXRP on <a href=\"https:\/\/markets.bitcoin.com\/crypto\/solana?utm_source=bitcoin_news\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Solana<\/a>, which could open additional trading pairs and <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-liquidity-pools\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">liquidity pool<\/a> configurations once integrations mature.<\/p>\n<p>Expansion to other EVM-compatible chains is already in motion, according to the original December 2025 announcement. With <a href=\"https:\/\/markets.bitcoin.com\/crypto\/solana?utm_source=bitcoin_news\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Solana<\/a> now live, Hex Trust is expected to move forward with those deployments on a rolling basis.<\/p>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/hex-trust-brings-11-backed-wrapped-xrp-to-solanas-ecosystem\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways: Wrapped XRP launched on Solana this week, backed 1:1 by Hex Trust with roughly 834,498 wXRP in circulation. LayerZero\u2019s 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 [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":71340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71339"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=71339"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71339\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/71340"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=71339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=71339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=71339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}