For years, XRP holders have asked the same question: Why does XRP feel boxed in while everyone else is playing in DeFi?
That box is finally opening.
XRP is expanding beyond its home chain. Soon, it will be usable on Ethereum, Solana, Optimism, and HyperEVM through a new wrapped token called wXRP.
🚀 HUGE news for the #XRP ecosystem! @Hex_Trust is launching and securing Wrapped XRP (wXRP), a 1:1-backed representation of native XRP, issued on @LayerZero_Core OFT Standard, to unlock #DeFi utility across multiple blockchains, starting with @Solana.
— Hex Trust (@Hex_Trust) December 12, 2025
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Here’s why this matters.
Wrapped assets turn isolated tokens into liquid, usable tools across the crypto economy. And that’s exactly what Hex Trust is doing with wXRP. The firm is issuing a 1:1 backed version of XRP, fully collateralized by native XRP held in institutional-grade custody.
No dilution. No synthetic exposure. One wXRP equals one real XRP.
Hex Trust says the backing follows strict KYC and AML standards, which is key for institutions that need compliant infrastructure before deploying capital.
According to Giorgia Pellizzari, Hex Trust’s Chief Product Officer and Head of Custody, the goal is simple: expand XRP liquidity in DeFi and improve cross-chain utility alongside RLUSD, Ripple’s stablecoin.
This isn’t a soft launch.
wXRP is starting with $100 million in total value locked, giving it enough liquidity to function across multiple chains from day one. Hex Trust’s dashboard shows more than 50 million XRP held in reserves, with 50 million wXRP already live on Ethereum.
Solana support is coming next. The contracts are already deployed on Optimism and HyperEVM, though activity there is still minimal — just 1 wXRP on Optimism and none circulating yet on HyperEVM.
Ripple is backing the move.
Markus Infanger, SVP at RippleX, says demand to use XRP across the broader crypto ecosystem is growing, especially among institutions. He also points out that wXRP fits naturally with RLUSD, offering a regulated way for users to access DeFi and manage XRP positions across multiple blockchains.
RLUSD itself has been gaining traction since launching last December. Ripple has already partnered with Mastercard and Gemini to use the stablecoin for credit card settlement flows.
As for price action, the market is calm. XRP is down nearly 1% in the past 24 hours, trading around $2.00.
But don’t confuse quiet price movement with a small change.
By moving onto Ethereum and Solana, XRP isn’t just adding chains. It’s removing friction. And in crypto, fewer barriers usually lead to more usage — not overnight, but over time.
