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Ripple CTO Supports Hex Trust's wXRP DeFi Initiative

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Ripple CTO David Schwartz has backed Hex Trust’s token launch of wrapped XRP (wXRP), a 1:1 collateralized token. The crypto initiative enables XRP to operate on Ethereum, Solana, and Optimism. wXRP lets users trade against RLUSD and access DeFi services like swaps and lending. Each token is backed by XRP in Hex Trust’s custody. The project has over $100 million in TVL and uses LayerZero’s OFT standard. RippleX’s Markus Infanger also praised the project, citing demand for XRP across blockchains.
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