Where did wXRP launch on SOL?

TLDR

wXRPs Solana debut was announced at the Solana Breakpoint conference in Abu Dhabi, led by Hex Trust and LayerZero (Solana Breakpoint announcement).

1. Issued and custodied by Hex Trust using LayerZeros OFT standard (launch details).
2. Launched with over $100 million TVL to seed day?one liquidity (TVL at launch).
3. Built for Solana DeFi, tradable alongside RLUSD and redeemable 1:1 for native XRP (utility and redemption).

Deep Dive

1. Venue and Announcement

The wXRP launch on Solana was unveiled at Solanas Breakpoint conference in Abu Dhabi, where Hex Trust and LayerZero detailed the cross?chain rollout starting with Solana (Solana Breakpoint announcement). Coverage confirms Solana is the first chain, with ethereum/">Optimism, Ethereum, and HyperEVM to follow (expansion plan).

2. Liquidity and Design

Hex Trust said the launch begins with over $100 million TVL, aiming to stabilize pricing and reduce slippage from day one (TVL at launch). The model supports authorized merchants to mint and redeem wXRP, with a strict 1:1 backing in segregated custody and automated issuance and burns on redemption (custody and redemption).

3. Utility on Solana

wXRP is designed to work across Solanas DEXs and lending protocols, with trading pairs including RLUSD where supported (DeFi utility). Hex Trust and media briefings emphasize LayerZeros OFT standard for cross?chain movement while keeping a clear path to redeem native XRP (OFT standard and use cases, Solana DeFi context).

Conclusion

wXRPs Solana launch was staged at Breakpoint to kick off a regulated, cross?chain design with meaningful liquidity on day one. The setup could expand XRPs DeFi reach while preserving 1:1 redemption, with Solana providing the initial venue and broader chain rollout planned thereafter.