Ripple Brings XRP to Ethereum and Solana: Multichain Expansion Launched

Ripple is advancing the integration of its XRP token across various blockchain networks. The Ripple coin will soon be available not only on the classic XRP Ledger, but also on Ethereum, Solana, Optimism, and HyperEVM^[1].

The expansion is being implemented technically through a new wrapper from digital asset company Hex Trust. The company is issuing "wXRP" – a 1:1 backed representation of XRP on different blockchains. At launch, wXRP will be equipped with a total value of $100 million to create a solid liquidity base^[1].

The wrapped XRP tokens are backed by native XRP, which is held in institutional custody according to KYC/AML standards. According to Giorgia Pellizzari, CPO at Hex Trust, wXRP expands XRP's liquidity in DeFi and cross-chain networks^[1].

J. Ayo Akinyele, Head of Engineering at RippleX, emphasizes that the company has been focusing on a multichain future for years. "The next phase of crypto won't be determined by a single blockchain," the developer explains. Instead, it's about ecosystems that enable innovation across different networks^[1].