The cryptocurrency ecosystem witnesses an interoperability milestone with the wXRP launch on Ethereum and Solana, an initiative led by digital asset custodian Hex Trust. This expansion allows XRP, traditionally confined to its own ledger (XRPL), to be usable on the world’s largest smart contract networks. Giorgia Pellizzari, the firm’s CPO, confirmed that the wrapped asset will maintain a strict 1:1 parity with the native token, ensuring security and institutional trust.
The new tokenized version, dubbed wXRP, debuts with robust initial liquidity of over $100 million in Total Value Locked (TVL). This financial foundation is designed to facilitate immediate operations without the slippage issues that often plague new launches. The token utilizes LayerZero’s Omnichain Fungible Token (OFT) standard, ensuring a seamless and secure transfer of value between chains, eliminating reliance on unregulated and risky third-party bridges.
In addition to the two main networks mentioned, the integration extends to Optimism and HyperEVM, further expanding the asset’s reach. The tokens are backed by physical reserves held under institutional-grade KYC/AML compliance standards. This regulated infrastructure is fundamental to attracting large investors and market makers who require legal guarantees to participate in decentralized finance (DeFi) activities outside of Ripple’s native ledger.
The strategic convergence between stablecoins and volatile assets
This move is not isolated but is part of a broader strategy involving Ripple’s stablecoin, RLUSD. Markus Infanger, Senior VP of RippleX, highlighted that there is growing demand to manage XRP positions in a regulated environment across multiple chains. The ability to pair wXRP with RLUSD in liquidity pools creates new yield and trading opportunities, strengthening the utility of both assets simultaneously in markets like Uniswap or Raydium.
On the other hand, technical integration allows users to access loans, collateral, and swaps on platforms that were previously inaccessible to XRP holders. By breaking down technological silos, Hex Trust is enabling a bidirectional capital flow that benefits both the liquidity of the receiving blockchains and the demand for the underlying asset. Interoperability thus becomes a growth engine, allowing value stored in XRP to be productively activated in complex financial applications.
Will this cross-chain expansion manage to revalue XRP price in the long term?
However, despite positive news regarding infrastructure, the immediate market reaction has been moderate. XRP price has experienced a slight 1% correction in the last 24 hours, trading in the $2.00 range. Investors appear to be evaluating whether the added technical utility will translate into sustained buying pressure or if this is another “sell the news” event in a volatile market.
Finally, the arrival of wXRP on these major networks marks the beginning of a maturity phase for the project, where utility outweighs pure speculation. With strategic partnerships like those of Mastercard and Gemini backing the RLUSD ecosystem, the future looks promising for institutional integration. More chains are expected to be added in the coming months, consolidating XRP not only as a payment asset but as a fundamental piece of global DeFi liquidity.
