XRP Enters Multi-Chain DeFi Era as Hex Trust Issues and Custodies Wrapped Version

• Hex Trust introduces regulated wrapped XRP enabling DeFi access and cross chain liquidity expansion
• wXRP launches with over 100 million dollars liquidity across Ethereum Solana Optimism HyperEVM networks

Hex Trust plans to launch a wrapped version of XRP, or wXRP, to support broader usage of the token in decentralized finance and cross-chain transactions. Each wXRP will match native XRP 1:1 and can be minted or redeemed by authorized parties using a regulated and automated system.

The wXRP asset will first be supported on Solana, Optimism, Ethereum, and HyperEVM, with more blockchains added later. The move allows XRP to interact with other digital assets across several networks, including trading against Ripple’s RLUSD stablecoin. Hex Trust said this shift is designed to bring greater flexibility and safer transaction channels to institutions.

The wrapped token will begin with over $100 million in total value locked. This pool is expected to offer liquidity stability for trading, improving pricing accuracy and lowering slippage on supported platforms. Giorgia Pellizzari, Chief Product Officer and Head of Custody at Hex Trust, said,

Compliant wXRP Expands XRP Use

Hex Trust stated that its custody model ensures wXRP remains fully redeemable for native XRP held under institutional-grade security. This includes insurance, KYC/AML compliance, and full auditability. The company has confirmed that tokens will only be issued or burned when the underlying XRP is deposited or withdrawn.

The need for safer cross-chain asset transfer has grown following concerns over risks tied to unregulated bridge systems. According to Hex Trust, the new system avoids third party bridges to reduce counterparty risk and also offers liquidity services such as swaps and yield farming within a supervised environment.

Markus Infanger, SVP at RippleX, commented on the rollout by saying,

He also noted the move complements Ripple’s RLUSD work, providing a compliant method for managing XRP holdings on supported blockchains.

Institutional Interest Swells Around XRP

The wrapped XRP introduction follows a surge in XRP-related activity. Earlier this year, Coinbase introduced cbXRP on Base, now valued around $39 million. Universal Wrapped XRP also entered the market, adding to the token’s expanding cross-chain presence.

XRP has also seen investor interest through spot ETFs. Since launching on November 13, funds from Canary Capital, Bitwise, Grayscale, and Franklin Templeton have seen close to $1 billion in combined net inflows. This adds another layer of exposure for institutional investors eyeing the asset.

XRP is priced at $2.04, with a 1.75% increase in the past 24 hours. The token remains under pressure from technical resistance between $2.10 and $2.25, with several moving averages converging in that zone. 

Daily support rests near $2.00, and a more firm base is forming around $1.85 to $1.80. The daily RSI is around 43, indicating low momentum.