# wPEN: Wrapped Peruvian Sol

wPEN brings the Peruvian sol onchain with a 1:1 target and liquid reserves denominated in soles.

## Key details

- **Issuer:** Ripio
- **Reference currency:** PEN
- **Backing model:** Liquid assets in the reference currency
- **Created:** 2025-12-03

## About

Ripio began in Argentina in 2013 and became one of Latin America’s early crypto companies, building wallet, exchange, payments, OTC, and blockchain services as it expanded across the region. The wFIAT program extends that experience to tokenized local-currency references for Latin American markets.

## Supported chains

- Ethereum
- World Chain
- Base
- Polygon PoS
- Gnosis
- BNB Smart Chain

- **Reference contract:** `0x4F34c8b3b5FB6D98Da888F0feA543d4d9C9F2eBE` (Ethereum)

## Legal jurisdiction

Issuer country not publicly specified

Private ERC-20 token. Ripio states that wFIAT is not e-money or a deposit and gives holders no direct redemption claim against the issuer.

## Sources

- [Official site](https://www.ripio.com/en/cryptocurrencies/wpen)
- [Ripio](https://www.ripio.com/en/cryptos/local-stablecoins)
- [Ripio wFIAT whitepaper](https://www.ripio.com/en/assets/wars/whitepaper)

This directory is for research, not an endorsement or an availability promise from Fiber. Stablecoin designs, reserves, networks, and redemption terms can change.

---

Fiber is a financial technology company, not a bank. Banking services are provided by SSB, Member FDIC. Funds deposited at SSB are eligible for FDIC insurance up to $250,000 per depositor, per insured bank, subject to applicable limitations and FDIC rules.