XRP Now Works on Solana Network Through New 'Wrapped' Version

XRP cryptocurrency can now be used on the Solana network for the first time, opening new opportunities for XRP holders.

A company called Hex Trust has created "Wrapped XRP" (wXRP) - think of it like putting your XRP in a special container that lets it work on Solana (a different blockchain network, like moving between different payment systems). This means XRP holders can now use popular Solana apps like Jupiter and Phantom without selling their XRP.

Here's how it works: • Each wrapped XRP is backed by 1 real XRP (like a receipt for your money) • You can exchange it back to regular XRP anytime • It lets you use XRP in DeFi apps (decentralized finance - financial services without banks)

Why does this matter? XRP was originally designed just for payments, while Solana is where most crypto trading and lending happens. By "wrapping" XRP, holders can now participate in Solana's active marketplace without giving up their XRP investment.

This is part of a bigger trend where cryptocurrencies are being made compatible across different networks, similar to how you can use your credit card in different countries. Hex Trust plans to bring wrapped XRP to other networks like Ethereum too.

The big question now is whether XRP holders will actually use this new feature, or if they'll stick to holding their tokens as they always have.

This is an AI-generated summary. Read the original article at: https://www.coindesk.com/markets/2026/04/18/wrapped-xrp-goes-live-on-solana-broadening-defi-access-for-ripple-linked-token