Wrapped XRP goes live on Solana, broadening DeFi access for Ripple-linked token
Crypto

Wrapped XRP goes live on Solana, broadening DeFi access for Ripple-linked token

CoinDesk·2h ago·Hope

What Happened

Wrapped XRP launched on Solana Friday, issued by Hex Trust and bridged through LayerZero. XRP holders can now access Solana DeFi apps like Jupiter and Phantom without selling their XRP. Each wrapped token is backed 1:1 by native XRP in segregated custody. The rollout targets Ethereum, Optimism, and HyperEVM subsequently.

Key Entities

Wrapped XRPSolanaHex TrustLayerZeroJupiterPhantomEthereumOptimismHyperEVMXRP Ledger

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