XRP Emerges as Key Player in $7B+ Global Tokenized Commodities Sector with 26% Share

XRP now accounts for more than 26% of the total global tokenized commodity market, becoming the second-largest network in the sector.

The XRP Ledger‘s recent dominance growth comes on the back of an additional $895 million added to the JMWH product from Justoken hosted on the network, pushing its share from 15% to 26% overnight.

Key Points

• XRP accounts for over 26% of the global tokenized commodity market, currently worth more than $7 billion.
• About $2 billion in tokenized commodities sits on the XRPL, making it the second-largest network in the sector, only behind Ethereum.
• XRP’s tokenized commodity value comes solely from the JMWH product from Justoken.
• Justoken expanded the product by nearly $900 million last month, leading to XRP’s 26% market share.

XRP Now Hosts 26% of the Global Commodity Market

This is according to data sourced from the RWA analytics platform RWA.xyz. For context, the entire global tokenized commodity market has grown to $7.7 billion at press time, reflecting increasing momentum and interest in RWA tokenization, one of the most bullish narratives in recent times.

This market was worth a mere $1 billion in early 2025, but grew to $4.2 billion by the end of the year. This year alone, it has added $3.5 billion within five months, leading to the current $7.7 billion figure.

Of this total, the XRP Ledger accounts for exactly $2.043 billion, representing 26% of the global market. Notably, with this figure, the XRPL stands as the second-largest network by tokenized commodity value, only behind Ethereum, which hosts $4.9 billion worth of the products, about 63.19%.

XRP Seeing Rapid Growth

XRP’s recent market growth comes from an increase in the value of the JMWH product from Justoken, a tokenized energy product resident solely on the XRP Ledger, which represents watts of real-world electricity.

Specifically, the value of JMWH increased by a whopping $895.6 million within a single day last month, bringing its total worth to $1.76 billion. Currently, JMWH accounts for more than 86% of the total tokenized commodity value on XRP, making it the biggest product in the ecosystem.

With JMWH’s growth, the value of tokenized commodities on the XRPL has risen by an impressive 79% over the past 30 days, as XRP sees the largest spike among the top 10 ecosystems. The 26% market share currently held by XRP indicates a 69.67% increase from 15% over the past 30 days.

Meanwhile, besides JMWH, multiple commodity products from Ctrl Alt also reside in the XRP ecosystem. For instance, the XRPL hosts $105 million worth of the Diamonds: AD Collection 1 and $46 million worth of the Diamonds: SD Collection 1.