XRP Ledger Tokenized Treasuries Top 418 Million

The XRP Ledger has reached a significant milestone in real-world asset adoption, with tokenized U.S. Treasuries surpassing 418 million in value, an eightfold increase from about 50 million a year ago.

Data from Evernorth, a treasury-focused firm, shows the surge reflects growing issuance and transfer activity on the network. Year-to-date transfers of these assets totaled 352.3 million, up from 70.1 million in the same period last year, a roughly fivefold rise in the first four months. Evernorth noted that supply is rising alongside flow, with more Treasuries being tokenized and existing ones moving more frequently between wallets and platforms.

This growth forms part of a broader expansion in tokenized real-world assets on the XRP Ledger, which crossed 3 billion in total value according to RWA.xyz data, a 59 percent increase over the past 30 days. Ripple executive Luke Judges estimated the figure closer to 3.75 billion. The network now hosts 291 RWA projects, ranking fifth globally. Key contributors include Justoken with about 1.8 billion in tokenized value tied to energy and commodities, Ripple's RLUSD stablecoin at nearly 382 million to 397 million, Ondo Finance's short-term...