XRP holders can now access Solana’s DeFi ecosystem without selling their tokens, Solana said Friday.
“XRP is a digital asset native to the XRP Ledger, a decentralized public blockchain designed for fast, low-cost transactions,” Solana posted to X. “wXRP is live on Solana via Hex Trust and LayerZero,” it added.
The move allows XRP holders to retain exposure to the asset while tapping into Solana’s trading, liquidity and yield opportunities.
The move should expand XRP holders’ exposure to the asset while tapping into Solana’s decentralized finance ecosystem. wXRP is a 1:1-backed representation of XRP designed to expand the asset’s utility.
Typically, XRP has functioned as an “institutional payment network” while Solana “operates as a decentralized application platform, powering the emergent DeFi, NFT, and gaming economies through raw speed and developer flexibility,” according to a paper published by Ledger.
In December, in a similar move, Hex Trust said it planned to issue and custody wXRP to expand the asset’s use in DeFi and cross-chain applications. Hex Trust said the wrapped asset is fully redeemable for native XRP held in its regulated custody, and users will also be able to access yield opportunities through supported DeFi platforms.
At the time, Hex Trust said wXRP would become available on Solana, Optimism, Ethereum, and HyperEVM.
“There’s growing demand to use XRP across the wider crypto ecosystem and institutions, and so we are excited to see Hex Trust address this demand,” RippleX SVP Markus Infanger said in December. “It also fits naturally with the work we’re doing with RLUSD, giving people a regulated way to access DeFi and manage their XRP positions across supported chains.”
Hex Trust emphasized that each wXRP corresponds to one XRP held in segregated custody accounts that are issued or burned only when the underlying asset is deposited or redeemed.
After Friday’s move, wXRP is now available on apps like Titan Exchange, Jupiter Exchange, Meteora and Phantom, Solana also said.
XRP, which has a market cap of over $90 billion, rose more than 3% on Friday to $1.48, according to The Block’s Price Page.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
