Hex Trust, a regulated institutional asset custodian, announced on December 12 that it would issue wrapped XRP (wXRP) on Solana (SOL), among other networks, including Ethereum (ETH). A fully collateralized version of the native token built for use beyond the XRP Ledger (XRPL), wrapped XRP can be redeemed 1:1 for XRP at any time. The rollout is set to begin with more than $100 million in value locked, giving traders and institutions immediate liquidity from day one. 🚀 HUGE news for the #XRP ecosystem! @Hex_Trust is launching and securing Wrapped XRP (wXRP), a 1:1-backed representation of native XRP, issued on @LayerZero_Core OFT Standard, to unlock #DeFi utility across multiple blockchains, starting with @Solana
source: https://finbold.com/wrapped-xrp-to-debut-on-solana-heres-how-xrp-price-reacted/