XRP Ledger Shows Robust Growth in Tokenized Real-World Assets (RWA)
The financial landscape is witnessing an exciting evolution, especially with the XRP Ledger making significant strides in the tokenized real-world asset (RWA) sector. According to recent data from rwa.xyz, this platform logged an impressive 34.6% increase over the last 30 days, bringing its total RWA value to $157.4 million. This growth is particularly remarkable as it positions XRP Ledger as the second-largest performer in the RWA market during this period, just trailing Aptos, which surged nearly 57% to reach $539.3 million. Despite this strong growth, Ethereum continues to lead the pack with an astounding total value of $7.55 billion, although it saw a more modest increase of 2.4%.
The XRP Ledger, now recognized as the 10th largest blockchain for total tokenized RWA value, has a unique standing in the industry, boasting only six projects contributing to this metric. The low project count suggests significant room for expansion, especially with Ripple’s recent partnership with Brazilian crypto platform Mercado Bitcoin. This collaboration aims to tokenize a substantial $200 million using the XRP Ledger, indicating a promising future for the platform. With such initiatives, the number of projects utilizing the XRP Ledger is bound to rise, enhancing its competitive position in the market.
The momentum in RWA growth is noticeable across the board, with XRP Ledger and Aptos leading the market in percentage growth. Other blockchains, such as Algorand and Solana, recorded their own gains of 21.8% and 18.5%, respectively, reaching $294.7 million and $415.0 million. In contrast, Stellar is the only prominent blockchain in the top ten to experience a decline, shrinking by 5.7% to a total of $467.7 million. Overall, Ethereum and ZKsync Era—both accounting for over 75% of the tracked value—reported only minimal increases, showing that the RWA market is diversifying beyond these large players.
Diving deeper into XRP Ledger’s tokenization structure reveals some intriguing insights. The largest segment of tokenized value on this platform is U.S. Treasury debt, which constitutes about 57% of the RWA base, translating to $90.1 million. Following this, public equity receipts add $55.4 million, while non-U.S. sovereign debt and real estate tokens contribute $11.9 million and $2.9 million, respectively. Dominating the ledger’s protocol table, Archax leads with $112.1 million across three instruments, representing a substantial 55.6% of the on-chain value.
The growth potential for XRP Ledger may soon expand even further, as Mercado Bitcoin recently announced its intention to tokenize over $200 million in permissioned fixed-income and equity-income products on the XRP Ledger. This ambitious project stands as one of the largest tokenization campaigns in Latin America and builds on Mercado Bitcoin’s successful track record of issuing more than R$1 billion ($182 million) in on-chain private credit assets without any defaults. The new issuance, when completed, has the potential to more than double the ledger’s current RWA capitalization, elevating the XRP Ledger’s standings in the market rankings on rwa.xyz.
As the XRP Ledger continues to solidify its position in the tokenized asset market, the collaboration with Mercado Bitcoin is indicative of a broader trend towards increasing tokenization of real assets across various sectors. Ripple has already established a foundational role, providing seamless cross-border payment solutions through its partnership with Mercado Bitcoin. Additionally, the introduction of the RLUSD stablecoin on the exchange earlier this year further strengthens the utility of XRP Ledger within the crypto finance ecosystem. Consequently, with its growing project base and innovative partnerships, the XRP Ledger may continue to foster a more robust RWA market, attracting new users and investments in the cryptocurrency landscape.
