Hex Trust Launches wXRP, Expanding XRP’s Utility Across DeFi and Multiple Blockchains

Hex Trust introduces wXRP a fully backed token expanding XRP trading liquidity and DeFi access across key blockchains.

Fridah Kangai
December 13, 2025
1:00 am

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

Hex Trust launches wXRP to extend XRP into cross-chain DeFi
wXRP enables XRP trading with RLUSD across Ethereum and blockchains
Launch begins with over $100m TVL supporting liquidity and stability

The XRP asset has been launched as a 1:1-backed wrapped version, wXRP, by the regulated institutional-focused digital asset platform Hex Trust. It is its new venture that decentralizes XRP to decentralized finance (DeFi) and to other blockchains. This has made XRP more accessible and usable in the broader crypto ecosystem by making it possible to trade wXRP with RLUSD on Ethereum and other chain-supporting services, and Hex Trust is expanding its offerings.

wXRP enables XRP holders to access their assets out of the XRP Ledger, and creates cross-chain applications like swaps, liquidity provisioning, and DeFi rewards. The service will be integrated with Ethereum, Solana, Optimism, and HyperEVM, but will include more blockchain integrations in the future. This action will allow the XRP owners to engage in new DeFi protocols and cross-chain liquidity pools.

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Expanding XRP’s Reach and DeFi Capabilities

All wXRP are safely 1:1 collateralized by XRP deposited in a regulated custody account at Hex Trust, and have a high degree of transparency and security. The site has implemented the KYC/AML standard that provides the user with an assurance of the integrity of the resource. Also, wXRP follows the standard of the Omnichain Fungible Token (OFT) of LayerZero, which allows taking part in multi-chain DeFi applications. This will enable the XRP holders to access the decentralized applications and liquidity pools on other blockchains.

🚀 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.

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— Hex Trust (@Hex_Trust) December 12, 2025

Giorgia Pellizzari, the CPO of Hex Trust, pointed to the growing demand for XRP in the cryptocurrency industry. She observed that wXRP, in addition to RLUSD, offers a regulated and efficient means of accessing the services of DeFi, which considerably enhances liquidity in the networks supported.

A Solution for Both Institutional and Retail Users

wXRP will support the requirements of institutional liquidity providers, DeFi protocols, and retailers. wXRP can be used to provide liquidity by market makers and OTC desks and as collateral by DeFi protocols and funds. Retail users are able to use wXRP in swaps and lending, among other activities in DeFi. wXRP is a liquidity and stability solution to trade with more ease due to its Total Value Locked (TVL) of more than $100 million.

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