Wrapped XRP launches on Solana, opening XRP to Solana DeFi
Three sources (CoinDesk, Decrypt, The Block) confirm Hex Trust launched wrapped XRP (wXRP) as a Solana SPL token on April 18, with roughly $1.2M minted in the first day. Consensus on the mechanism (Hex Trust lock-and-mint custody) and the apps where wXRP is available (Phantom, Jupiter, Meteora, Titan Exchange, Real). The sources diverge mildly on strategic framing: CoinDesk and Decrypt focus on immediate user utility, while The Block frames this as step one of a multichain rollout including Ethereum, Optimism, and HyperEVM.
Consensus
Hex Trust operates the lock-and-mint bridge; wXRP is a Solana SPL token with 1:1 backing.
Cited by: www.coindesk.com, decrypt.co, www.theblock.co
~$1.2M in wXRP minted on day one across Phantom, Jupiter, Meteora, Titan, Real.
Cited by: www.coindesk.com, decrypt.co, thedefiant.io
This is the first chain in Hex Trust's December 2025 multichain plan covering ETH, OP, HyperEVM.
Cited by: www.theblock.co
Divergence
No significant divergence.