Hex Trust announces the issuance and custody of Wrapped XRP (wXRP), pegged 1:1 to the native XRP, with the goal of bringing XRP into multi-chain DeFi. At launch, wXRP's TVL exceeded $100 million, supporting Ethereum, Solana, Optimism, HyperEVM, and other chains, and can be used with Ripple stablecoin RLUSD to form cross-chain trading and liquidity pools. Hex Trust stated that authorized merchants can automatically mint/redeem wXRP in a compliant environment, with assets fully backed by the custodial native XRP. (The Block)

XRP1.54%
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