Ripple CTO David Schwartz has expressed strong support for a newly introduced initiative aimed at broadening XRP’s participation across decentralized finance ecosystems.
The development centers on Hex Trust’s introduction of a wrapped version of XRP designed to enable the asset to function on multiple blockchains and increase its utility within DeFi applications.
The announcement comes at a time when interest in expanding XRP’s reach beyond the XRP Ledger continues to grow. By allowing the asset to operate in environments where it was not previously accessible, the initiative signals a significant step toward integrating XRP with established multi-chain DeFi infrastructures.
More XRP ecosystems is a good thing. Letting XRP operate in more environments builds utility, and the XRPL remains the anchor that makes it all work. https://t.co/szCfaj3KcL
— David 'JoelKatz' Schwartz (@JoelKatz) December 12, 2025
Hex Trust Introduces Wrapped XRP With Cross-Chain Capabilities
Hex Trust confirmed the release of wrapped XRP (wXRP), explaining that the product is structured as a fully collateralized token backed one-to-one with native XRP held in its custody. According to the firm, users can deposit their XRP into its platform and mint an equivalent amount of wXRP, ensuring consistent backing and clear traceability of reserves.
The firm also noted that wXRP will initially be available on Ethereum, with support for additional chains such as Solana, Optimism, and HyperEVM. By expanding to these networks, the wrapped asset enables trading pairs, lending options, and other DeFi services that were previously unavailable to XRP holders.
Hex Trust stated that the asset will allow direct trading between wXRP and RLUSD, further integrating XRP into broader liquidity markets.
As part of its rollout, Hex Trust confirmed that wXRP is launching with more than $100 million in total value locked, providing substantial liquidity from the beginning and helping stabilize market activity.
The company is using LayerZero’s Omnichain Fungible Token (OFT) standard to facilitate movement of wXRP across supported blockchains. This approach allows cross-chain transfers without depending on unregulated bridge technologies, which have historically presented security risks for digital assets.
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Ripple Executives Welcome the Development
The introduction of wXRP received a direct response from Ripple’s CTO David Schwartz, who described the effort as a positive addition to the XRP ecosystem. He noted that enabling XRP to function across more blockchain environments increases the asset’s long-term relevance and enhances the flexibility available to users.
Ripple CTO Schwartz emphasized that while XRP will continue to rely on the XRP Ledger as its core infrastructure, expanding its reach through wrapped representations offers meaningful benefits.
RippleX Senior Vice President Markus Infanger also commented on the announcement, highlighting the growing interest among users seeking access to XRP-based DeFi activity. He stated that Hex Trust’s initiative provides regulated, transparent entry points into the DeFi market and reflects broader industry demand for interoperable digital assets.
Expanded Opportunities for XRP Holders in DeFi
The introduction of wXRP adds to a steady wave of developments aimed at increasing XRP’s participation in decentralized finance. Although the XRP Ledger was not originally designed with native DeFi support, various projects have worked to integrate it into multi-chain ecosystems. Platforms such as Flare and Axelar already enable holders to use XRP in yield-generating activities across several networks.
Hex Trust’s wrapped asset follows a similar approach by offering a secure pathway for XRP holders to engage with DeFi tools outside the XRP Ledger. At the same time, other initiatives are exploring additional methods to broaden XRP’s presence.
In recent months, Cardano founder Charles Hoskinson signaled interest in pursuing conversations aimed at expanding yield and utility options for XRP users.
Collectively, these developments indicate accelerating efforts to increase XRP’s interoperability across blockchain environments. The launch of wXRP marks a significant milestone in that direction, providing regulated access to cross-chain DeFi and strengthening the asset’s broader ecosystem.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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