Wrapped XRP Goes Live on Solana, Expanding XRP Holders’ DeFi Access

Wrapped XRP (wXRP) went live on Solana on Friday, expanding how XRP holders can access Solana’s decentralized finance ecosystem without selling their underlying XRP.

“Wrapped XRP goes live on Solana, broadening DeFi access for Ripple-linked token Wrapped XRP on Solana lets XRP holders access Jupiter, Phantom, and Meteora without selling the asset, the latest step in Hex Trust's multi-chain wXRP rollout first announced in December”

@coindesk

Multiple outlets tied the launch to infrastructure from Hex Trust and LayerZero, describing wXRP as a Solana-compatible, tokenized version of XRP.

@coindesk

CoinDesk said the Solana debut “making XRP usable in Solana’s DeFi ecosystem for the first time,” and it specified that the token launched “via custodian Hex Trust and cross-chain protocol LayerZero.”

The Block similarly reported that “Solana said Friday” that wXRP is live on the blockchain via Hex Trust and LayerZero, and it listed Solana apps including Titan Exchange, Jupiter Exchange, Meteora and Phantom.

MEXC’s reposted market write-up also stated that Solana confirmed the launch on Friday, April 17, 2026, and it said wXRP is available on Phantom, Jupiter, Titan Exchange, Meteora, and Byreal.

Across the coverage, the mechanism was consistent: wXRP is described as 1:1 backed by native XRP held in segregated custody accounts, and it is “redeemable at any time” or “fully redeemable” for native XRP.

CoinDesk added that wXRP is “available inside Solana's DeFi apps for the first time,” while Cryptonews.net echoed that “$XRP holders can now use the wrapped asset on Jupiter, Phantom, Titan Exchange, and Meteora without selling their underlying position.”

The reporting described wXRP as a bridge product built on two layers: custody for the underlying XRP and cross-chain messaging to move the wrapped representation into Solana.

CoinDesk said “Each wXRP is backed 1:1 by native XRP held in segregated custody accounts and can be redeemed at any time,” and it described the Solana launch as “bridged through LayerZero.”

AMBCrypto

MEXC’s write-up similarly said wXRP is “a 1:1-backed representation of XRP” and that “Each token corresponds to one real XRP held in segregated custody accounts managed by Hex Trust,” adding that tokens are “only issued or burned when the underlying XRP is deposited or redeemed.”

The Block stated that “wXRP is a 1:1-backed representation of XRP designed to expand the asset's utility,” and it described Hex Trust’s role as regulated custody with “fully redeemable for native XRP held in its regulated custody.”

AMBCrypto framed the same structure as enabling XRP to be “used within Solana’s DeFi ecosystem while remaining 1:1 backed by the native asset,” and it said the rollout is “facilitated by Hex Trust and LayerZero.”

CoinDesk also placed the launch within a broader multi-chain plan, saying Hex Trust’s rollout was “first announced in December” and targeting “Ethereum, Optimism and HyperEVM.”

Cryptonews.net echoed that “The Solana launch is one leg of a broader rollout Hex Trust disclosed in December 2025,” and it said the broader plan “also targets Ethereum, Optimism, and HyperEVM.”

Ripple’s leadership framed the Solana rollout as evidence of growing demand for XRP, with Brad Garlinghouse linking the expansion to broader access and utility.

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Bitget

Coinpaper reported that Ripple CEO Brad Garlinghouse said demand for XRP is rising as the token expands into new blockchain networks, and it tied his comments directly to the launch of wXRP on Solana through Hex Trust and LayerZero.

Coinpaper quoted Garlinghouse saying, “Demand for XRP keeps growing. More access, more ecosystems, more utility.”

Bitget’s reposted coverage also highlighted Garlinghouse’s reaction, stating that he wrote that “demand for XRP continues to grow, adding that broader access, expanding ecosystems, and stronger utility are driving that momentum,” and it included the same quote attributed to “Brad Garlinghouse (@bgarlinghouse).”

The Block added that in December, RippleX SVP Markus Infanger said, “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,” and it connected that to “work we’re doing with RLUSD.”

Coinpaper also described the rollout as a “new step in XRP’s use beyond its long-established role in payments,” and it said the Solana integration adds “new trading, liquidity, and yield options.”

Across the coverage, the demand narrative was anchored to the idea that holders can “keep exposure” to XRP while using Solana DeFi apps, a point Coinpaper described as allowing users to “redeem wXRP for native XRP at any time.”

The launch was accompanied by reported price moves and by lists of specific Solana applications where wXRP could be used.

Coinpaper said the token “has rallied over 7.5% in the past week to trade at about $1.45,” while it also reported Solana’s price “climbed 3.6%, reaching around $87.61.”

Crypto Briefing

MEXC’s reposted market note stated that “price jumped 5.15% to $1.50 shortly after the announcement, settling at $1.48,” and it said Solana’s SOL token “also rose, gaining 4% intraday to reach $89.86.”

The Block said XRP “rose more than 3% on Friday to $1.48, according to The Block's Price Page,” and it described the move as enabling XRP holders to access Solana’s DeFi ecosystem “without selling their tokens.”

For application access, Coinpaper listed wXRP availability through “Jupiter, Titan, Phantom, Meteora, and Byreal,” while The Block named “Titan Exchange, Jupiter Exchange, Meteora and Phantom.”

CryptoRank’s reposted content added a quantitative claim about wrapped supply, saying “more than 834,000 XRP, equivalent to $1.2 million, has already been wrapped and activated on the Solana blockchain.”

Crypto Briefing’s market framing diverged, saying “prediction markets show no price reaction” and reporting Solana’s “$150 target for April 13-19 sits at0%YES,” while “XRP’s April 19 price market is equally flat,” with “Trading activity is almost nonexistent: Solana’s 24-hour face value volume is $0, and XRP’s is $5.”

The sources framed the Solana launch as one step in a broader multi-chain rollout and as a test of whether XRP holders will actually use the wrapped token in DeFi.

CoinDesk described the Solana launch as “one leg of a broader rollout Hex Trust disclosed in December 2025, which also targets Ethereum, Optimism, and HyperEVM,” and it said the move reflects “a wider trend of tokens bridging across chains to chase yield and liquidity.”

Cryptonews.net

It also emphasized that while the wrapped asset is live, “the test is whether holders actually use it,” a line that appeared in CoinDesk’s account of the launch’s significance.

Cryptonews.net similarly said “The Solana launch is one leg of a broader rollout Hex Trust disclosed in December 2025,” and it repeated that “the wrapped asset is live, but the test is whether holders actually use it.”

The Block tied the launch to Hex Trust’s earlier plan, stating that “Hex Trust said the wrapped asset is fully redeemable for native XRP held in its regulated custody,” and it reiterated that Hex Trust had said wXRP “would become available on Solana, Optimism, Ethereum, and HyperEVM.”

Crypto Briefing, however, suggested near-term market indifference by reporting that prediction markets showed “no price reaction,” with Solana’s “$150 target for April 13-19 sits at0%YES” and XRP’s “April 19 price market is equally flat.”

It also said what to watch would include “Major exchange listings for wXRP,” and it pointed to “Shifts in trade volume on these Polymarket contracts” as potential drivers of odds.