An executive at Hex Trust confirmed that Ripple supports the company’s goal of involving institutions $XRP DeFi ecosystem.
At Consensus 2026 in Hong Kong, Giorgia Pellizzari, Chief Product Officer and Head of Custody at Hex Trust, explained how the company enables institutions to use native $XRP as collateralkeep it in regulated custody and issue a one-to-one packaged version, called wXRP, across multiple blockchains.
Key points
- Georgia Pellizzari said Hex Trust is acting as the Ripple-backed issuer of wXRP, allowing institutions to leverage $XRP in DeFi via HyperEVM, Ethereum, Optimism and Solana.
- The company launched wXRP in Hong Kong last December with over $100 million in TVL to ensure strong liquidity from day one.
- Each wXRP is fully supported 1:1 natively $XRP held in segregated, regulated custody.
- wXRP used LayerZero’s OFT standard to maintain a single canonical offering across chains while reducing traditional bridging risks and liquidity fragmentation.
- Through its expanded partnership with Flare, Hex Trust also allows institutions to mint FXRP at a 1:1 ratio and stake $FLRwhere institutional capital is injected $XRP-based DeFi on Flare.
Hex Trust Executive Confirms Ripple Backing
During her speech at Consensus 2026, Giorgia Pellizzari recently shared how the company plans to give institutions regulated access to DeFi within the $XRP ecosystem.
She explained that Hex Trust accepts natively $XRP as collateral, keeps it in regulated custody and then issues a matching digital version of it $XRP on other blockchains. This setup allows institutions to… $XRP beyond the $XRP General ledger.
🚨$XRP PART🚀
The company @Ripple hits from all sides of the #$XRP digital asset ecosystem💯 by supporting the custodian @Hex_Trust who *houses* the real 👉native $XRPthen comes across it, a 1:1 view (to create a packaged version), to live on different… pic.twitter.com/gupK9fjr4n— 🌸Eri ~ Carpe Diem (@sentosumosaba) February 11, 2026
For example, if an institution wants to respond to this Solana’s active DeFi spacea version of it is needed $XRP that exists on Solana and can communicate with apps there. Hex Trust offers that version. This makes it possible for institutions to borrow against their own funds $XRPaccess dollar liquidity or execute trading strategies on various networks.
Pellizzari too said Hex trust actions as the official Ripple-backed publisher of this wrap $XRP product (wXRP). The token already runs on HyperEVM, Ethereum, Optimism and Solana, with more expansion planned in the company’s 2026 roadmap.
Furthermore, she added that wXRP is working closely with RLUSD, Ripple’s US dollar-backed stablecoin, positioning both assets as complementary instruments for institutional DeFi activities.
How does wXRP work?
For context, Hex Trust officially announced wXRP on December 12, 2025 in Hong Kong. The company launched the project with a total value of more than $100 million. give it has strong liquidity day one.
Notably, the company built wXRP using LayerZeros Omnichain Fungible Token Standard. This keeps one unified offering that can move across different blockchains without the typical risks tied to traditional bridges or split liquidity.
Each wXRP token is natively supported on a one-to-one basis $XRP held in segregated accounts at Hex Trust. The company does not store new tokens until it receives them $XRP deposits and burns them when users redeem, keep the offer balanced.
Hex Trust stores the underlying value $XRP in institutional-quality regulated custody, which is non-bankruptcy and includes KYC and AML checks, insurance coverage, auditability and on-chain proof of reserves.
Only verified institutional participants, such as authorized sellers and market makers, can mint or exchange wXRP within a compatible and automated system. Once issued, other users can access and trade the token on-chain. wXRP now exists on several networks, including HyperEVM, Solana, and Ethereum.
Hex Trust and Flare focus on institutional capital
At the same time, Hex Trust has expanded its partnership with Flare to broaden institutional access to the Internet $XRP-based DeFi. Remarkably, Flare first introduced FXRP in September 2025allowing retail users to mine $XRP representations for DeFi usage on other chains. The renewed partnership with Hex Trust now brings institutions to the market.
Through Flare’s FAssets system, institutions can earn FXRP, which stands for $XRP on the Flare blockchain with a one-to-one ratio. They can also bet $FLRFlare’s native token, to earn rewards while helping support the network.
Hex Trust provides the institutional-quality, regulated custody that makes this possible. This deleted the need for hot wallets and helps institutions meet each other strict compliance standards. Particularly thanks to the partnership with Flare and the launch of wXRP, Hex Trust looks institutions Unpleasant the $XRP DeFi ecosystem.