[Hex Trust Plans to Issue and Custody Wrapped Version of XRP 'wXRP' to Expand Multi-Chain DeFi Applications] Odaily Planet Daily News - PANews reported on December 12 that Hex Trust plans to issue and custody a wrapped version of XRP, known as wXRP. wXRP is a token pegged to XRP at a 1:1 ratio, aimed at expanding the asset's use in DeFi and cross-chain applications. Hex Trust stated that this move will enable XRP to overcome the limitations of the XRP Ledger and, alongside Ripple's stablecoin RLUSD, which is already live on chains like Ethereum, serve as a liquidity trading pair. Upon its launch, the total value locked (TVL) of wXRP will exceed $100 million. (The Block)