Hex Trust to Issue wXRP, Expanding XRP’s Cross-Chain Utility

Hex Trust throws a bridge across the crypto divide—wXRP unlocks XRP's value on foreign blockchains.

No More Island Hopping

Think of XRP as digital cash with a single passport. It works brilliantly on its home network but hits a wall elsewhere. Wrapped tokens solve that. They create a blockchain-agnostic version—a digital twin that plays by other networks' rules.

Hex Trust's institutional-grade custody provides the vault. They lock real XRP, mint the equivalent wXRP on a chain like Ethereum or BNB Smart Chain, and the race is on. Suddenly, XRP liquidity can fuel DeFi protocols, trade on new DEXs, and integrate into multi-chain applications it could never touch before.

The Liquidity Multiplier

This isn't just a technical novelty—it's a liquidity bomb. Isolated assets are inefficient. By making XRP interoperable, Hex Trust effectively multiplies its utility and potential demand. Every new chain it lands on represents a fresh market, a new set of users, and another reason for its underlying value to climb.

Of course, the traditional finance crowd will call it financial engineering—because wrapping an asset to make it more useful is so much more scandalous than, say, creating collateralized debt obligations. The crypto market just sees utility being unlocked, one bridge at a time. Cross-chain isn't the future anymore; it's the mandatory present, and XRP just got its visa.

How wXRP works

Under the model, every wXRP will be backed 1:1 by native XRP held inside Hex Trust’s regulated custody accounts. Only authorized merchants will be permitted to mint or redeem the wrapped asset. Issuance will occur strictly when the equivalent amount of XRP is deposited, and wXRP will be burned after redeeming XRP. 

🚀 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.

Read more:…

This arrangement creates a verifiable LINK between the supply of wXRP and the XRP held in custody, aiming to reduce the risks that have plagued unregulated bridge systems.

At launch, wXRP will have over $100 million in total value locked (TVL), which provides a large liquidity base for a new wrapped asset. This significant starting pool is expected to support early trading markets, including pairs with RLUSD, Ripple’s U.S. dollar stablecoin, across supported chains. 

By expanding onto networks like Ethereum, Solana, Optimism, and HyperEVM, wXRP will allow users and institutions to engage in cross-chain swaps, lending, liquidity provision, and other DeFi services. Its design also makes it simpler for market makers, funds, and retail users to manage XRP positions while remaining in regulated custody environments.

Key features and users

wXRP is insured, auditable, and compliant with Know-Your-Customer(KYC)/Anti-Money Laundering (AML) standards, giving users confidence in its security and reliability. Built on LayerZero’s Omnichain Fungible Token (OFT) standard, it can move smoothly across multiple blockchains and be traded alongside RLUSD to simplify liquidity and multichain use.

The token is designed for a wide range of participants. Institutions and liquidity providers can support trading pairs, DeFi protocols, and funds can use it as collateral or liquidity. Retail investors and merchants can leverage it for swaps, lending, payments, or rewards programs..

Why wXRP matters now

According to both Hex Trust and RippleX, this approach fits a growing demand from institutions that want cross-chain access to XRP without compromising on regulatory or operational safeguards.

Giorgia Pellizzari, CPO and Head of Custody of Hex Trust, said that wXRP will help bring more XRP liquidity into DeFi and across different blockchains, especially when paired with RLUSD. She explained, “Users of wXRP and RLUSD will benefit from two assets that are built on trusted, compliant infrastructure, enabling broader DeFi utility for XRP and RLUSD across supported blockchains.” 

“There’s growing demand to use XRP across the wider crypto ecosystem and institutions, and so we are excited to see Hex Trust address this demand,” said Markus Infanger, SVP of RippleX.

With wXRP, XRP becomes available on the networks where much of today’s decentralized finance operates, marking one of the asset’s significant expansions beyond its original ecosystem. Hex Trust is currently in the process of onboarding merchants ahead of the public rollout.

Meanwhile, at the time of writing, XRP was trading at $2.02, up 0.57% in the last 24 hours and with a market cap of over $122 billion, as per CoinMarketCap data. 

Also Read: 21Shares Launches XRP ETF $TOXR for Convenient Crypto Access