Hex Trust is set to issue and manage a wrapped version of XRP, known as wXRP, to enhance the use of XRP in decentralized finance (DeFi) and cross-chain applications. The wXRP token will be pegged 1:1 to XRP, allowing it to function beyond the XRP Ledger and trade as a liquidity pair with Ripple's stablecoin RLUSD on platforms like Ethereum. At launch, wXRP will have a total value locked exceeding $100 million and will be available on blockchains such as Solana, Optimism, Ethereum, and HyperEVM. Hex Trust assures that each wXRP token corresponds to one XRP held in a separate custodian account, with issuance and destruction occurring only upon deposit or redemption of the underlying asset. The company highlights its institutional-grade custody services, which include KYC/AML compliance, insurance coverage, and full auditability, to ensure secure and compliant operations.
Hex Trust to Launch Wrapped XRP for DeFi Expansion
This content is for informational purposes only and does not constitute investment advice.
SuperEx Popular Science Articles Column
This collection features informative articles about SuperEx, aiming to simplify complex cryptocurrency concepts for a wider audience. It covers the basics of trading, blockchain technology, and the features of the SuperEx platform. Through easy-to-understand content, it helps users navigate the world of digital assets with confidence and clarity.
Unstaked related news and market dynamics research
Unstaked (UNSD) is a blockchain platform integrating AI agents for automated community engagement and social media interactions. Its native token supports governance, staking, and ecosystem features. This special feature explores Unstaked’s market updates, token dynamics, and platform development.
XRP News and Research
This series focuses on XRP, covering the latest news, market dynamics, and in-depth research. Featured analysis includes price trends, regulatory developments, and ecosystem growth, providing a clear overview of XRP's position and potential in the cryptocurrency market.
How do beginners trade options?How does option trading work?
This special feature introduces the fundamentals of options trading for beginners, explaining how options work, their main types, and the mechanics behind trading them. It also explores key strategies, potential risks, and practical tips, helping readers build a clear foundation to approach the options market with confidence.
What are the risks of investing in cryptocurrency?
This special feature covers the risks of investing in cryptocurrency, explaining common challenges such as market volatility, security vulnerabilities, regulatory uncertainties, and potential scams. It also provides analysis of risk management strategies and mitigation techniques, helping readers gain a clear understanding of how to navigate the crypto market safely.