According to 36 Crypto, Solana has officially launched Wrapped XRP (wXRP), a 1:1-backed version of XRP, in collaboration with Hex Trust. The move aims to integrate XRP into DeFi ecosystems, enhancing cross-chain interoperability and liquidity. wXRP will initially be available on Solana and is expected to expand to Ethereum, Optimism, and HyperEVM. Hex Trust will issue and secure wXRP, ensuring full regulation and custody of native XRP. The launch comes after weeks of speculation following Solana’s cryptic “589” post on X.
Solana Launches Wrapped XRP (wXRP) to Boost DeFi Integration
36CryptoShare
Summary
Solana has launched Wrapped XRP (wXRP), a 1:1-backed version of XRP, in partnership with Hex Trust. The token aims to bring XRP into DeFi, improving cross-chain liquidity. wXRP starts on Solana and will expand to Ethereum, Optimism, and HyperEVM. Hex Trust handles issuance and custody, ensuring compliance. The move follows Solana’s recent “589” post on X. What is wXRP? It’s a wrapped version of XRP, designed for crypto DeFi use.
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