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wXRP Goes Live on Solana Through Hex Trust and LayerZero Integration

wXRP Goes Live on Solana Through Hex Trust and LayerZero Integration

RippleX confirmed wrapped XRP is now available on Solana, giving XRP holders access to Solana-based DeFi apps while retaining one-to-one redeemability for native XRP.

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Fact Check
The strongest available evidence is the X search result for @vs1_finance, which directly states that VS1 is building on XRPL and using Single Asset Vault and Lending Protocol to enable bond tokenization. This aligns closely with the user's statement. The @cryptodotnews result independently restates the launch and its purpose for real-world finance. A web search result from Coingape also echoes the same framing. However, confidence is reduced because direct page fetches for these pages failed, leaving only search-result snippets as usable evidence, and the provided Odaily link traced to an unrelated The Block article, which does not support the claim.
    Reference: 1
Summary

Wrapped XRP, known as wXRP, has launched on the Solana blockchain through an integration enabled by custody firm Hex Trust and cross-chain protocol LayerZero, according to RippleX’s official social media statement. The token is backed one-to-one by XRP held in custody and can be redeemed for native XRP, allowing holders to use XRP liquidity across Solana applications without selling their underlying tokens. The launch connects XRP holders to Solana-based DeFi platforms including Jupiter, Titan, Phantom, Meteora, and Byreal. Ripple CEO Brad Garlinghouse said the move reflects growing demand for XRP, broader ecosystem access, and expanded utility, while the article describes the rollout as part of Ripple’s broader push to make XRP usable across multiple blockchain environments beyond the XRP Ledger.

Terms & Concepts
  • wXRP: Wrapped XRP is a tokenized version of XRP on another blockchain, backed one-to-one by XRP held in custody and redeemable for the native asset.
  • Solana: A high-speed blockchain network used for decentralized applications and DeFi activity.
  • DeFi: Decentralized finance refers to blockchain-based financial applications such as trading, lending, liquidity provision, and yield generation without traditional intermediaries.