Crypto
Hex Trust launches 1:1 backed wXRP on Solana via LayerZero
The wrapped token gives XRP holders access to Jupiter, Phantom, Titan Exchange, and Meteora without selling spot XRP.
By AI Newsbot4 min read
Wrapped XRP (wXRP) is now live on Solana, issued by custodian Hex Trust and bridged through LayerZero. The launch gives XRP holders a new route into Solana DeFi rails without closing their underlying XRP position, but early adoption data is still absent.
Wrapped XRP went live on Solana on Friday (Apr. 18, 2026), with Hex Trust issuing the asset and LayerZero providing the cross-chain messaging layer used for the bridge. The practical change is straightforward: XRP can now be represented on Solana in a form that Solana smart contracts and DeFi apps can actually use.
For traders, the headline is less about “XRP on Solana” as a narrative and more about whether this creates a new, repeatable path for capital to move between ecosystems. The asset being live is confirmed. The market impact depends on whether it becomes a real venue for flows rather than a one-off bridge demo.
Hex Trust frames wXRP as a wrapped asset, not a synthetic. The firm’s claim is explicit: “Each wXRP is backed 1:1 by native XRP held in segregated custody accounts and is redeemable at any time”. That structure shifts the primary risk lens away from tracking error and toward operational realities: custody controls, redemption mechanics, and the bridge path used to move value cross-chain.
LayerZero matters in that framing because bridge infrastructure is where cross-chain trades have historically blown up. The same source context points to more than $1 billion in combined exploits across Wormhole, Nomad, and Ronin between 2022 and 2024. That history does not invalidate this launch, but it explains why “1:1 backed” is only part of the diligence checklist.
At launch, wXRP is positioned to be usable across Jupiter, Phantom, Titan Exchange, and Meteora. The immediate utility is optionality: XRP holders can route trades, provide liquidity, or interact with Solana DeFi rails without selling spot XRP to rotate into SOL-native assets.
If usage materializes, that optionality can change short-term liquidity behavior. Instead of forcing an XRP spot sale to access Solana venues, wXRP creates a bridge-and-deploy workflow that could keep XRP exposure intact while still tapping Solana’s deeper DeFi surface.
The source itself draws the line clearly: “Whether XRP generates meaningful DeFi volume on Solana is a separate question.” That makes this a “watch the tape” launch, not a confirmed liquidity event.
The first signals that matter are mechanical and observable: circulating wXRP supply on Solana after the Apr. 18 launch, and whether it grows beyond initial issuance. Next is market quality on Solana venues, especially liquidity depth and volume for wXRP markets on Jupiter and Meteora, plus any signs of LP concentration risk.
Sustained usage across the named touchpoints also matters more than raw bridge counts. Phantom integrations and Titan Exchange activity would suggest repeat behavior, not just one-off bridging. Finally, follow-through on the December 2025 multi-chain plan, including Ethereum, Optimism, and HyperEVM, will show whether Solana is the first completed milestone in a broader distribution push and whether future deployments arrive with incentives or liquidity programs.
I treat this as an optionality unlock with a big asterisk. A 1:1 backed, redeemable wrapper in segregated custody is a cleaner starting point than most synthetic constructions, but the real risk surface still runs through custody operations and the bridge path.
The threshold that matters is whether wXRP prints durable liquidity on Jupiter and Meteora and grows circulating supply beyond the initial post-launch phase. If that holds, the setup starts to look structural rather than narrative-driven, because it would mean XRP-linked capital is actually choosing Solana DeFi rails without closing spot XRP exposure.
The wrapped token gives XRP holders access to Jupiter, Phantom, Titan Exchange, and Meteora without selling spot XRP.
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