wXRP launch to bring XRP to Solana, Ethereum and other networks

The new wXRP token will bring XRP to Solana, Ethereum and other networks.

Hex Trust said it will issue and hold a packaged version of XRP that will allow the token to be used on major blockchains including Solana, Ethereum, Optimism and HyperEVM, expanding access to Ripple’s ecosystem as demand for cross-chain assets grows.

The regulated digital asset platform said the new token, called wXRP, is a one-for-one backed representation of native XRP, designed to expand the asset’s role in decentralized finance and enable trading against Ripple’s RLUSD stablecoin on any chain where the asset is available.

Cross-Chain XRP Arrives

In the official press release, Hex Trust says said that authorized merchants can mint and redeem wXRP through a compliant automated system, and that each packaged unit corresponds to an equivalent amount of XRP held in segregated trading accounts.

The company said the token will launch with a total value of more than $100 million, which it said should support liquidity, help stabilize prices and reduce slippage for traders on day one. Leveraging LayerZero’s Omnichain Fungible Token standard, wXRP allows users to move value between chains without relying on unregulated third-party bridges. It will provide what Hex Trust described as a more transparent and accountable structure, backed by insurance coverage and institutional quality safeguards.

The company said wXRP will give retail users, DeFi protocols and institutional liquidity providers access to swaps, loans, liquidity provisioning and, where available, rewards opportunities through supported networks. Market makers, OTC desks and funds will be able to integrate the asset into trading and collateral environments, while businesses can support wXRP and RLUSD in payment and cash services.

Ask for multiple chains

Hex Trust also revealed that wXRP will only be issued if an equivalent amount of native XRP is deposited and burned upon redemption, in an effort to ensure the supply remains fully covered. It is expected that even more blockchains will be integrated over time as part of efforts to expand XRP’s reach into multichain applications.

RippleX SVP, Markus Infanger, highlighted the growing demand to use XRP in the broader crypto ecosystem and institutions, adding:

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“We’re excited to see Hex Trust meeting this demand. It’s also a natural fit with the work we’re doing with RLUSD, giving people a regulated way to access DeFi and manage their XRP holdings on supported chains.”

In a separate development, CryptoQuant recently found that the network speed on the The analytics firm said the spike reflects increased liquidity and participation from traders and large holders.

Ripple also expanded its business footprint through a new partnership with AMINA Bank AG, which will use Ripple Payments to offer near real-time cross-border transactions. AMINA said the integration aims to reduce the operational friction that Web3-focused customers encounter when interacting with traditional banking systems by improving speed and settlement efficiency.