Tokenization of real-world assets (RWAs) on the XRP Ledger (XRPL) grew dramatically in 2025. The total value increased from $24.7 million at the start of the year to roughly $567.9 million by December, a 2,200% growth.
The growth followed Ripple’s legal win over the SEC in August 2025, which gave much-needed regulatory clarity and encouraged institutional adoption.
Stablecoin integration played a major role. Ripple’s regulated stablecoin, RLUSD, reached a market cap of $1.3 billion across multiple chains, with a significant portion hosted directly on the XRPL.
Institutional partnerships also drove growth:
- Archax: Brought hundreds of millions in tokenized assets on-chain, including access to abrdn’s £3.8 billion liquidity fund.
- Ondo Finance: Launched its Short-Term US Government Bond Fund (OUSG) on the XRPL.
- OpenEden: Introduced tokenized US Treasury bills through the OpenEden TBILL Vault.
Infrastructure upgrades improved functionality and transparency. Ripple’s acquisition of Hidden Road enhanced prime brokerage and settlement, while integration with RWA.xyz provided better analytics for asset managers.
Current status and 2026 outlook:
- XRPL now ranks among the top ten blockchains for RWA value, though it still trails Ethereum.
- Projected growth: Tokenized assets could reach $3–6 billion by year-end 2026.
- Asset composition: Stablecoins account for $322 million, while bonds, real estate, and funds make up $213 million.
The broader RWA tokenization market exceeded $30 billion in 2025, with institutions like BlackRock and Franklin Templeton increasingly using public blockchains for collateral and real-time settlement.
