XRP Ledger tokenized assets top $4 billion

The XRP ecosystem is experiencing a broad surge in adoption, with the value of tokenized real-world assets on its ledger soaring to over $4 billion, a dramatic increase from approximately $150 million just one year ago. This growth, alongside sustained institutional investment through exchange-traded funds and a significant rise in new user wallets, signals a multi-faceted expansion for the network.

According to data from digital asset treasury firm Evernorth, the XRP Ledger now hosts more than 500 tokenized asset products. The JMWH energy-backed token and the Ondo Short-Term Government Bond Fund are the largest, together representing close to $2.5 billion in value. This rapid expansion in tokenization, which now significantly outpaces the size of the XRP ETF market, is being framed as a shift toward utility-based growth. A practical example of this institutional use occurred earlier this year, when JPMorgan, Ondo Finance, Mastercard, and Ripple completed a cross-border settlement of tokenized treasury assets on the XRP Ledger in approximately four seconds.

Concurrently, spot XRP ETFs have recorded eight consecutive weeks of net inflows, bringing cumulative investments to...