Hex Trust has taken a big step into the multi-chain world. The regulated digital asset custodian announced a partnership with LayerZero to launch wXRP, a packaged version of XRP built for cross-chain use. The product was launched with around $100 million in total value locked. That’s not a soft launch. It signals real institutional interest from day one. wXRP offers XRP holders a way to use their assets beyond XRPL. It opens the door to DeFi activity on major networks without leaving compliance behind.
What is wXRP and why is it important?
wXRP is a wrapped representation of XRP issued as an Omnichain Fungible Token or OFT. Specifically, Hex Trust issues the asset, while LayerZero powers cross-chain movement. Additionally, each wXRP token remains fully backed 1:1 by real XRP. In fact, Hex Trust holds the underlying assets in its regulated and audited custody system.
Hex Trust partners with @LayerZero_Core to bring institutional-level multi-chain services to the ecosystem
A highlight of this integration is the launch of wXRP, a wrapped representation of XRP issued as OFT.
Cross-Chain Utility: wXRP Extends XRP Reach to Solana,… pic.twitter.com/gJolAh149n— 𝗕𝗮𝗻𝗸XRP (@BankXRP) December 18, 2025
That detail is important for institutions that can’t touch risky bridges or unverified wrappers. Because wXRP uses LayerZero’s OFT standard, the supply remains unified. There is no fragmented liquidity between chains. The same asset moves between networks instead of generating copies. At launch, wXRP supports Ethereum, Solana, Optimism, and HyperEVM. More chains can follow without redesigning the system.
Access to DeFi meets institutional barriers
The launch offers XRP holders new ways to use their assets. wXRP can be paired with RLUSD, Ripple’s regulated US dollar stablecoin, for trading and liquidity on supported chains. This setup allows XRP to participate in DeFi markets that were previously out of reach. Loans, swaps and liquidity pools are now on the table. At the same time, Hex Trust keeps everything under control. The escrow framework follows licensing rules. Independent audits support the structure. Each deployment goes through security checks before going live. This balance is the main argument. Builders gain flexibility. Institutions gain predictability and compliance teams don’t panic.
Why LayerZero plays a key role
LayerZero’s OFT standard eliminates one of the biggest headaches of cryptocurrencies. Traditional bridges often add risk, delays and fragmented supply. Here, the token remains canonical across all chains. Messaging handles movement. Custody remains centralized and regulated. That is exactly what large asset issuers want. Hex Trust said the framework can support expansion to more than 150 chains. This makes the setup future-proof rather than a one-off experiment. LayerZero also adds reach. Thousands of applications already integrate with your infrastructure. That makes it easy for wXRP to appear in DeFi without heavy custom work.
A signal for XRP and institutional DeFi
The launch of wXRP shows where the market is headed. Institutions still want compliance. But they also want performance, liquidity and programmability. By combining regulated custody with omnichain technology, Hex Trust is attempting to close that gap. Not with exaggeration, but with structure. For XRP, this is a significant change. Brings the asset closer to the center of multi-chain finance. Additionally, for the broader market, it gives an idea of what institutional DeFi could really be like. Less chaos, more rails, and finally, fewer excuses not to build.
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