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XRP News Today: Hex Trust Partners with LayerZero to Launch Wrapped XRP on Solana, Promoting Cross-Chain DeFi Expansion
Hex Trust announces a partnership with LayerZero to launch Wrapped XRP (wXRP), becoming the first on the Solana network. This move marks a significant step forward for the XRP ecosystem in cross-chain DeFi, laying the foundation for cross-chain asset support, liquidity expansion, and a richer array of decentralized application scenarios.
wXRP is a wrapped token supported 1:1 by the native XRP, with custody provided by regulated Hex Trust. Authorized merchants can mint and redeem wXRP within a compliant environment, maintaining a peg to the native XRP. In the initial launch phase, the total value locked (TVL) of wXRP will exceed $100 million, providing solid fundamental liquidity for DeFi trading and liquidity markets.
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