XRP Enters Multi-Chain DeFi With Regulated Wrapped Token Launch

XRP has taken a major step into multi-chain DeFi with a regulated wrapped version now live across several leading blockchain networks.

XRP just took a major leap into the multi-chain world with a wrapped version now operating on Solana, Ethereum, Optimism, HyperEVM, and several other networks – an upgrade designed to give the asset real traction inside DeFi without relying on the vulnerable bridge systems that have failed so often in the past.

Instead of outsourcing the process to anonymous third parties, the wrapping mechanism is run by Hex Trust, a regulated custodian that holds native XRP in segregated accounts and mints wrapped tokens only when fully backed. Because issuance and redemption sit inside an institutional framework, traders get a predictable on/off ramp between wXRP and XRP, with arbitrage smoothing out price gaps automatically.

The program launched with more than $100 million ready for deployment, offering immediate liquidity across multiple chains. That puts XRP in play for lending markets, automated market makers, cross-chain settlement, liquidity mining, and integrations with Ripple’s RLUSD – use cases that were inaccessible on the native ledger alone.

Despite the scale of the expansion, XRP’s price barely reacted. The token remains pinned in a tight trading band near $2, a sign that broader macro trends are dominating sentiment. Analysts argue that the market may be waiting to see whether developers and capital actually begin using wXRP before pricing in any long-term impact.

Even so, the launch creates a structural base for XRP to operate as a multi-chain asset rather than a network-bound token – a shift that could reshape how XRP fits into the evolving DeFi landscape.