Hex Trust to Launch Wrapped XRP Across Multiple Chains
Why It Matters
The launch expands XRP’s utility beyond its native ledger, unlocking cross‑chain DeFi opportunities while maintaining regulatory safeguards. It signals growing institutional confidence in wrapped assets as a bridge between traditional custody and decentralized finance.
Hex Trust to Launch Wrapped XRP Across Multiple Chains
Hong Kong-based digital asset custodian Hex Trust plans to issue a wrapped version of XRP called wWRP.
The token will be a 1:1‑backed representation of native XRP and will be launched across blockchains, debuting with $100 million in total value locked. It will enable XRP holders to access liquidity pools, lending, and trading on other blockchains without unregulated bridges.
wXRP ensures full backing by XRP held in segregated, insured custody accounts, with tokens minted only upon deposit and burned upon redemption to match supply exactly.
Hex Trust envisions the “core utility” of the token will be to make it easier to use XRP alongside Ripple’s stablecoin RLUSD as a trading and liquidity pair.
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