Which venue bridged XRP onto SOL?

TLDR

Hex Trust brought XRP onto Solana as a wrapped token (wXRP), using LayerZeros OFT bridge rail. See the issuer announcement and bridge details in the reports on Hex Trusts wXRP and LayerZeros role. wXRP issuer LayerZero rail

1. Issuer and custodian: Hex Trust mints and redeems wXRP 1:1 against native XRP. Hex Trust statement
2. Bridge rail: LayerZeros OFT standard powers the expansion starting with Solana. LayerZero role

Deep Dive

1. Issuer and Token

The venue is Hex Trust issuing wXRP, a wrapped representation of XRP, now live on Solana. The issuer said wXRP is fully backed 1:1 with native XRP held in segregated custody and supports mint and redeem by authorized merchants. This expands XRPs utility into Solana DeFi from day one. Issuer details

This is a wrapped asset model, not a native XRPL-to-Solana trustless bridge. Reports note the initial launch targets deep liquidity and broad protocol support on Solana. Coverage of the launch

2. Bridge Rail and Risks

Transport is handled via LayerZeros omnichain standard. Coverage specifies that LayerZero was chosen to power XRPs expansion starting with Solana, enabling cross-chain movement and integrations. LayerZero role

Wrapped assets introduce additional risk layers. Media analysis around the launch highlights typical wrapped-asset risks such as bridge and custodian exposure, even when 1:1 backing is asserted. Users gain Solana-native composability but accept those additional trust assumptions. Risk framing and mechanics

Conclusion

The venue that brought XRP to Solana is Hex Trust via wXRP issuance, with cross-chain transport using LayerZeros OFT standard. This design delivers immediate Solana DeFi utility for XRP while introducing the usual wrapped-asset trade-offs around custody and bridging.