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)
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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)