{"id":9687,"date":"2025-12-17T07:34:16","date_gmt":"2025-12-17T07:34:16","guid":{"rendered":"https:\/\/blockwind.news\/china\/?p=9687"},"modified":"2026-01-20T18:14:10","modified_gmt":"2026-01-20T18:14:10","slug":"hex-trust-to-issue-and-custody-wrapped-xrp-wxrp-expanding-xrps-defi-utility-across-multiple-blockchains","status":"publish","type":"post","link":"https:\/\/blockwind.news\/china\/2025\/12\/17\/hex-trust-to-issue-and-custody-wrapped-xrp-wxrp-expanding-xrps-defi-utility-across-multiple-blockchains\/","title":{"rendered":"Hex Trust to Issue and Custody Wrapped XRP (wXRP), Expanding XRP\u2019s DeFi Utility Across Multiple Blockchains"},"content":{"rendered":"\n

December 17, 2025<\/p>\n\n\n\n

With $100M TVL at launch, wXRP will make it easier for XRP holders to use XRP alongside Ripple USD (RLUSD), a regulated U.S. dollar\u2013backed stablecoin, as a trading and liquidity pair on supported chains.<\/p>\n\n\n\n

Hex Trust<\/u><\/a>, a leading regulated digital asset platform for institutions and a qualified custodian, announced it will issue and custody wrapped XRP (wXRP), a 1:1-backed representation of the native XRP asset designed to support DeFi activity and cross-chain utility. As a result, wXRP\u2019s use case will expand beyond the XRP Ledger and will be tradable with RLUSD on Ethereum and other chains where RLUSD is available.<\/p>\n\n\n\n

Authorized merchants will be able to seamlessly mint and redeem wXRP in a secure, automated, and fully compliant environment. wXRP also gives users access to rewards opportunities through supported DeFi platforms, while remaining redeemable 1:1 for native XRP held in Hex Trust\u2019s regulated custody.<\/p>\n\n\n\n

wXRP will launch with over $100 million in Total Value Locked, giving the wrapped asset a solid base of liquidity from day one. This level of initial participation helps support smoother trading, more reliable pricing, and a healthier overall market for wXRP.<\/p>\n\n\n\n

\u201cWith wXRP, we are expanding XRP liquidity in DeFi and cross-chain networks including broader utility between XRP and RLUSD,\u201d<\/em> said Giorgia Pellizzari, CPO and Head of Custody of Hex Trust<\/strong>. \u201cUsers of wXRP and RLUSD will benefit from two assets that are built on trusted, compliant infrastructure, enabling broader DeFi utility for XRP and RLUSD across supported blockchains.\u201d<\/em> <\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n

Expanding XRP DeFi Utility Across Chains<\/strong><\/p>\n\n\n\n

As one of the top five largest digital currencies by market size<\/u><\/a>, XRP is known for fast, low-cost, and reliable transactions. For more than 12 years, it has been widely used for payments, settlement, and moving value across borders.<\/p>\n\n\n\n

wXRP expands XRP\u2019s DeFi utility by making it usable on supported blockchains, starting with Solana, Optimism, Ethereum, HyperEVM<\/strong>, and additional chains for future integration. It gives users and institutions a regulated way to access cross-chain applications including swaps, liquidity provisioning, and, where available, rewards opportunities. Because wXRP is 1:1 backed and redeemable for native XRP, holders can move between chains without relying on unregulated third-party bridges, which helps reduce the counterparty risks.<\/p>\n\n\n\n

\u201cThere\u2019s growing demand to use XRP across the wider crypto ecosystem and institutions, and so we are excited to see Hex Trust address this demand,\u201d<\/em> said Markus Infanger, SVP of RippleX<\/strong>. \u201cIt also fits naturally with the work we\u2019re doing with RLUSD, giving people a regulated way to access DeFi and manage their XRP positions across supported chains.\u201d<\/em><\/p>\n\n\n\n

Key Features of wXRP<\/strong><\/p>\n\n\n\n