Tokenized RWA on the XRP Ledger Crosses the $1B Milestone

The total value of the tokenized RWA on the XRP Ledger has finally hit the $1 billion milestone amid a rapid expansion since the start of the year. 

While XRP and the broader crypto market have faced a roadblock to the earlier bullish momentum, real-world asset (RWA) tokenization has continued to expand across multiple blockchains, and the XRP Ledger (XRPL) remains a major beneficiary of the growth.

Specifically, data confirms that tokenized RWA on the XRP Ledger has now crossed the $1 billion mark for the first time in history, after starting the year with a total value of $885 million. This indicates that the value of tokenized RWA on the XRP Ledger has grown by nearly $115 million this year, with the Ripple stablecoin (RLUSD) contributing the most to this growth.

Key Points

• Tokenized RWA on the XRP Ledger has hit the $1 million milestone after adding $115 million worth of value in 2026.
• The Ripple stablecoin, RLUSD, contributed the most to this growth, making up more than 90% of the value added this year.
• Today, the value of RWA on the XRPL stands at $1.001 billion, with US treasury debt accounting for $150.2 million and stablecoins making up $395 million.
• Exactly a year ago, the XRPL hosted just $45 million worth of tokenized RWA, indicating that the network has added over $956 million in the past year.

Tokenized RWA on the XRP Ledger Hits $1B

This is according to data provided by RWA.xyz, an industry-standard data aggregator focused on tokenized real-world assets. Notably, the recent $1 billion figure accounts for all RWA value on the XRPL, including distributed and represented assets.

With the XRPL adding $115 million in tokenized value since the start of this year, the RLUSD stablecoin accounts for 90% of this growth, having contributed $104 million. Following this rapid surge, RLUSD market cap on the XRP Ledger has now increased to $338 million, making up 33.7% of the total RWA value on the network.

Contributions from Each Asset Class

Today, the total value of RWA on the XRPL sits exactly at $1.001 billion, including distributed represented assets. For context, distributed assets represent assets that users can hold and transfer on the blockchain for trading and DeFi use, while represented assets stay on the issuing platform and can’t be transferred outside. Notably, represented assets act as internal digital records of ownership, not tradable assets.

Of the $1.001 billion, distributed assets make up $600.4 million, representing a 60% share. These assets include private equity ($55.2 million), U.S. treasury debt ($150.2 million), and stablecoins ($395 million). Interestingly, RLUSD, currently boasting a $338 million market cap on the XRPL, accounts for 85% of all stablecoin value on the network.

Meanwhile, represented assets make up $401.4 million, representing 40% of the $1.001 billion total value on the XRPL. Notably, these assets include commodities ($110.7 million), real estate ($6.9 million), and private credit ($283.8 million). Vert Capital’s tokens, which represent Brazilian private equity, account for $269.8 million worth of private credit.

XRPL RWA Tokenization Recording Rapid Expansion

The recent $1 billion milestone reflects the rapid expansion the XRPL has continued to record in the tokenization scene, which the BlackRock CEO Larry Fink calls “inevitable.” 

For context, exactly a year ago, the XRPL only hosted $45.179 million worth of tokenized RWA. The current figure of $1.001 billion indicates that the blockchain’s RWA value has grown by $956.6 billion over the past year, as it sets itself up to benefit from the growing tokenization narrative. Recall that Bitwise suggested last year that buying XRP was one of the “cleanest” ways to invest in the future of tokenization.