Hex Trust announces a partnership with LayerZero to launch Wrapped XRP (wXRP), becoming the first on the Solana network. This move marks a significant step forward for the XRP ecosystem in cross-chain DeFi, laying the foundation for cross-chain asset support, liquidity expansion, and a richer array of decentralized application scenarios. wXRP is a wrapped token supported 1:1 by the native XRP, with custody provided by regulated Hex Trust. Authorized merchants can mint and redeem wXRP within a compliant environment, maintaining a peg to the native XRP. In the initial launch phase, the total value locked (TVL) of wXRP will exceed $100 million, providing solid fundamental liquidity for DeFi trading and liquidity markets.

XRP will officially join the Solana ecosystem, and Hex Trust will issue a wrapped version of XRP (wXRP), a token anchored 1:1 to the native XRP, based on LayerZero's OFT standard, designed to enhance decentralized finance applications. Solana believes that XRP's long-term utility combined with its high-performance advantages.

Hex Trust plans to issue a token wXRP pegged 1:1 to XRP, aiming to expand its usage in DeFi and cross-chain applications. This token can be traded with Ripple stablecoin RLUSD on public blockchains like Ethereum, providing liquidity to the market. The total locked value of wXRP will exceed $100 million, ensuring smooth transactions and stable prices.