【Hex Trust to Issue and Custody wXRP to Expand DeFi Use Cases on Multiple Blockchains】Hex Trust plans to issue and custody wXRP, a token anchored 1:1 to XRP, aimed at expanding its use in decentralized finance (DeFi) and cross-chain applications.
As a regulated custodial institution, the company states that this move will break the limitation of XRP only circulating on the XRP Ledger; on public chains like Ethereum that already support Ripple stablecoin RLUSD, wXRP can form trading pairs with RLUSD to provide market liquidity.
Hex Trust points out that authorized merchants can mint and redeem wXRP in a secure, automated, and fully compliant environment. The company emphasizes that wXRP is fully pegged to the native XRP it custody complies with regulations and supports full redemption; users can also earn yields through partnered DeFi platforms.
The total locked value (TVL) at the launch of wXRP will exceed $100 million. Hex Trust states that this scale will provide a solid initial liquidity foundation for the token, ensuring smooth trading and price stability.
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Hex Trust will issue and custody wXRP to expand its DeFi applicability across multiple blockchains.
【Hex Trust to Issue and Custody wXRP to Expand DeFi Use Cases on Multiple Blockchains】Hex Trust plans to issue and custody wXRP, a token anchored 1:1 to XRP, aimed at expanding its use in decentralized finance (DeFi) and cross-chain applications.
As a regulated custodial institution, the company states that this move will break the limitation of XRP only circulating on the XRP Ledger; on public chains like Ethereum that already support Ripple stablecoin RLUSD, wXRP can form trading pairs with RLUSD to provide market liquidity.
Hex Trust points out that authorized merchants can mint and redeem wXRP in a secure, automated, and fully compliant environment. The company emphasizes that wXRP is fully pegged to the native XRP it custody complies with regulations and supports full redemption; users can also earn yields through partnered DeFi platforms.
The total locked value (TVL) at the launch of wXRP will exceed $100 million. Hex Trust states that this scale will provide a solid initial liquidity foundation for the token, ensuring smooth trading and price stability.