Wrapped XRP goes live on Solana, broadening DeFi access for Ripple-linked token
CoinDesk
Hex Trust has launched wrapped XRP on Solana, enabling token holders to access various DeFi applications without liquidating their underlying positions.Summary
Wrapped XRP (wXRP) has launched on the Solana blockchain, allowing XRP holders to utilize decentralized finance (DeFi) platforms like Jupiter, Phantom, and Meteora. Issued by custodian Hex Trust and powered by the LayerZero protocol, each wXRP token is backed 1:1 by native XRP held in segregated custody accounts. This expansion is part of a broader strategy by Hex Trust to integrate XRP into multiple blockchain ecosystems, providing holders with new opportunities for liquidity and yield without needing to sell their original assets.
(Source：CoinDesk)