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Wrapped XRP is launching on Ethereum

We’re excited to announce that wrapped.com, the leading provider of cross-chain, wrapped assets, will be officially supporting Wrapped XRP (wXRP) on the Ethereum blockchain this December. Thanks to a collaborative effort with Hex Trust, Asia’s leading digital asset custodian, and wrapped.com, users will soon be able to use Wrapped XRP (wXRP), a digital asset backed 1:1 by XRP, throughout Ethereum’s vast and well-developed defi ecosystem.

Wrapped XRP will be backed 1:1 with XRP, securely placed into custody with Hex Trust, the leading fully-licensed and insured provider of bank-grade custody for digital assets in Asia. Led by veteran banking technologists and award-winning financial services experts, Hex Trust has built Hex Safe™, a proprietary bank-grade platform that delivers custody and other value-add services to financial institutions, digital asset service providers, and private clients.

“The collaboration with Wrapped.com will benefit the wider XRP ecosystem as we provide the infrastructure to mobilize Wrapped XRP on the Ethereum blockchain. Wrapped tokens improve interoperability across DeFi protocols, create connections between otherwise isolated liquidity, and enable users to transact with a broader range of decentralized applications.”

— Calvin Shen, Head of Sales & Business Development at Hex Trust

Source:Wrapped.com

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