A Hex Trust executive confirmed that Ripple backs the company's goal to bring institutions into the XRP DeFi ecosystem. At Consensus 2026 in Hong Kong, Giorgia Pellizzari, Chief Product Officer and Head of Custody at Hex Trust, explained how the firm allows institutions to use native XRP as collateral, hold it in regulated custody, and issue a one-to-one wrapped version called wXRP across multiple blockchains.
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