Hex Trust, a regulated digital asset custodian, has entered a strategic partnership with Doppler Finance to develop institutional-grade Wrapped XRP (wXRP) vaults, aiming to expand XRP liquidity beyond its native XRP Ledger (XRPL). The partnership, confirmed on March 4, 2026, integrates Hex Trust's custody infrastructure with Doppler's XRPL-native yield architecture to create rewards-oriented vaults for wXRP.
The collaboration is designed to move beyond "single-chain thinking" for XRP, according to Rox, Head of Institutions at Doppler Finance. Rox emphasized that wXRP is crucial for extending XRP's liquidity across multiple blockchain networks, and partnering with Hex Trust provides these products with a regulated custody foundation. "The professionalisation of the XRP space requires a shift from holding XRP speculatively to putting it to active institutional use," stated Giorgia Pellizzari, CPO and Head of Custody at Hex Trust.
The official announcement, covered by The Block, details that the vault structure prioritizes custody integrity and risk-managed deployment, with transparency built in from the start. The goal is to provide institutions with a regulated entry point to engage with wXRP, effectively building interoperable rails for XRP to function as a core asset in a multi-chain economy. Hex Trust's social media account framed this development as a market-awaited shift in conversation from simple custody toward active, institutional-grade utility for XRP.
Hex Trust, established in 2018, provides the regulated custody layer for the partnership, which is critical for institutions requiring regulatory clarity before engaging with DeFi-adjacent products. Doppler Finance, which leads the "XRPfi" sector, contributes its infrastructure of audited reserves and vetted yield strategies built natively on the XRPL. The partnership ultimately aims to treat XRP as a multi-chain, institution-ready asset rather than a speculative hold or single-network token.
