TL;DR
- Hex Trust is launching wXRP as a regulated asset that mirrors XRP across multiple chains and provides direct access to multichain DeFi applications.
- Hex Trust backs each token 1:1 in segregated custody and uses transparent mint-and-burn mechanics that remove the need for unregulated bridges.
- The new token will debut with more than $100M in TVL and uses LayerZero’s OFT standard to move assets across networks and establish stable liquidity from day one.
XRP is about to take on a new role within the crypto ecosystem. The token, which has always operated on the XRPL with a focus on payments and settlement, is entering a new market with the launch of wXRP, a wrapped version issued and custodied by Hex Trust. This shift turns XRP into an asset that can be used across multichain DeFi environments and breaks through its structural limitations.
Hex Trust introduced the asset to offer regulated access to DeFi applications on Solana, Optimism, Ethereum, HyperEVM and other networks. Each token is backed 1:1 and held in segregated, audited and regulated custody. This setup resolves one of the long-standing weaknesses of wrapped tokens: dependence on unregulated bridges that expose users to counterparty risks. Here, the mint-and-burn process is transparent, issuing tokens only when the corresponding deposit exists and burning them when a redemption is executed.
XRP Enters a New Phase
The token will hit the market with more than $100M in initial TVL, enough to establish stable pools and provide immediate liquidity. The infrastructure is built on LayerZero’s OFT standard, the same architecture used in institutional tokenization projects. This enables wXRP to move between chains through a messaging system designed to coordinate asset transfers without relying on the traditional lock-and-mint model.
It will also deepen the relationship between XRP and RLUSD, Ripple’s regulated stablecoin. Both assets were designed to operate across different ecosystems and create liquidity routes that do not depend on any single chain. Hex Trust expects users to execute multichain swaps, join pools, provide liquidity and access reward programs through compatible protocols.
The launch aligns with the XRPL v3.0.0 upgrade, which strengthens network stability and prepares the ecosystem to integrate more advanced DeFi and interoperability features. Ripple is moving beyond a framework limited to its origin chain and opening the door to an environment where liquidity can move freely across networks
