THORWallet Enables the First XRP-to-ETH Cross-Chain Swap via THORChain

June 5, 2025
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Switzerland – June 5, 2025 — THORWallet, the mobile self-custody DeFi superapp, has achieved a major industry milestone: the first-ever cross-chain swap from XRP (Ripple) to ETH (Ethereum) executed entirely within a mobile wallet without bridges. Settled via THORChain’s decentralized liquidity protocol, the transaction marks a breakthrough in enabling trustless, seamless asset exchanges between leading blockchains all without the need for bridging or wrapped assets.

Unlocking Native Cross-Chain Utility for XRP

With XRP now supported natively on THORChain, users can perform true Layer-1 swaps between XRP and a growing list of top blockchains, including Bitcoin, Ethereum, Binance Smartchain, Litecoin, Avalanche, Cosmos, Dogecoin, and Base. This milestone transforms XRP’s role in the DeFi ecosystem, empowering users with non-custodial access to cross-chain liquidity and decentralized applications.

The XRP-to-ETH transaction was confirmed on THORChain’s explorer at block height ~21,399,622, further validating the live, on-chain nature of the swap. The ability to execute this from a mobile wallet underscores both the maturity of THORChain’s infrastructure and the simplicity of THORWallet’s user experience.

As highlighted by THORChain’s core contributors, XRP has long been siloed from the broader DeFi landscape. Today’s integration bridges that gap, allowing XRP to freely interact with the multi-chain economy — no centralized exchanges, no synthetic tokens. Just native assets, natively traded.

Why This Matters: A New Chapter for XRP and DeFi

This cross-chain swap represents more than just a technical first — it marks a turning point for XRP’s functional relevance in decentralized finance. XRP holders can now directly swap into ETH, BTC, and other top assets without intermediaries, enabling use cases such as collateralized lending, yield strategies, and DAO treasury diversification.

Analysts estimate that over $100 billion in XRP market cap is now accessible to DeFi via THORChain, unlocking substantial liquidity for the broader ecosystem. By enabling this from a mobile device, THORWallet removes the final barriers to entry, bringing seamless DeFi to the palm of the user’s hand.

A Highly Secure Alternative for Ripple with THORWallet Multisig

With this milestone, XRP holders can now send, receive, and swap XRP directly within THORWallet’s secure multisig environment — all from their mobile device. This unified experience eliminates the need for multiple platforms or custodians, giving users full control over their assets while maintaining institutional-grade security. For the first time, XRP can be actively managed in a truly decentralized, cross-chain setting, opening new possibilities for portfolio diversification, on-chain payments, and non-custodial trading — all within a single, streamlined interface.

THORWallet’s Momentum and Vision

Built to democratize access to DeFi, THORWallet offers a self-custody mobile experience designed around native cross-chain swaps, secure key management, and real-world crypto payments. With over $1.1 billion in transaction volume to date, it has quickly become a go-to wallet for power users and crypto newcomers alike.

Today’s achievement aligns with THORWallet’s broader roadmap, which includes the upcoming launch of its loyalty and cashback token, $TITN. The token will reward users for participating in DeFi activities within the app — a system made even more powerful now that XRP is fully integrated. (CMC Labs: Partnership)

About THORWallet

THORWallet is a mobile-first, self-custodial DeFi wallet that empowers users to swap, earn, and spend digital assets across chains — all from one intuitive app. Built for the masses, it offers native cross-chain swaps, multisig security, and fiat integrations including a global multi-currency MasterCard. THORWallet’s mission is to make decentralized finance accessible, secure, and practical for everyday users. Learn more at www.thorwallet.org .

About THORChain

THORChain is a decentralized liquidity protocol that enables native, cross-chain asset swaps without wrapping or intermediaries. It facilitates trustless exchanges between leading blockchains like Bitcoin, Ethereum, BNB Chain, Litecoin, and now XRP, using a unique network of vaults and liquidity pools secured by economic incentives. By abstracting away complexity, THORChain enables seamless cross-chain trading for both users and developers. Visit www.thorchain.org to learn more.

About Ripple

Ripple is a blockchain technology company that provides financial solutions to enable faster, more transparent, and cost-effective global payments. Ripple’s enterprise-grade products are powered by the XRP Ledger — an open-source, decentralized blockchain optimized for settlement and liquidity. Ripple partners with financial institutions, payment providers, and governments around the world to enable real-time cross-border transactions and promote financial inclusion. Learn more at www.ripple.com .