Packaged $XRP went live on Solana on Friday, issued by custodian Hex Trust and bridged via LayerZero, making the token available for the first time on Solana’s DeFi apps.
$XRP Holders can now use the wrapped asset on Jupiter, Phantom, Titan Exchange and Meteora without selling their underlying position.
Each wXRP is supported 1:1 natively $XRP are held in segregated custody accounts and are redeemable at any time, according to Hex Trust.
The launch of Solana is part of a broader rollout of Hex Trust announced in December 2025, which also focuses on Ethereum, Optimism and HyperEVM. This move fits a pattern that has accelerated in 2025 and 2026, where tokens that started life on one chain are bridged to others to gain returns and liquidity that did not exist at launch.
$XRP has historically functioned as a payment gateway token directly on the $XRP General ledger. Solana has built the opposite use case: a throughput-optimized smart contract platform where the DeFi and memecoin activity actually lives.
The piece of infrastructure under this deal is LayerZero, the cross-chain messaging protocol that has quietly captured most of the bridge volume that used to flow through Wormhole, Nomad, and Ronin before these protocols were collectively exploited for more than $1 billion between 2022 and 2024.
Or $XRP generating meaningful DeFi volume on Solana is a separate question. The packaged asset is live, but the test is whether holders actually use it.