On-ChainXRP Ledger Flips Ethereum as RLUSD's Home Chain|$810M RLUSD on XRPL (51.7%) vs $756M on Ethereum · First time XRPL leads|MilestoneXRP Locked in US Spot ETFs Near 965M|96.5% of the way to a billion · ~35M XRP to go|On-Chain$1.43B in Real-World Assets Now Live on the XRP Ledger|Led by Ondo tokenized US Treasuries · Minting & redeeming against RLUSD|On-ChainXRP Ledger Flips Ethereum as RLUSD's Home Chain|$810M RLUSD on XRPL (51.7%) vs $756M on Ethereum · First time XRPL leads|MilestoneXRP Locked in US Spot ETFs Near 965M|96.5% of the way to a billion · ~35M XRP to go|On-Chain$1.43B in Real-World Assets Now Live on the XRP Ledger|Led by Ondo tokenized US Treasuries · Minting & redeeming against RLUSD|On-ChainXRP Ledger Flips Ethereum as RLUSD's Home Chain|$810M RLUSD on XRPL (51.7%) vs $756M on Ethereum · First time XRPL leads|MilestoneXRP Locked in US Spot ETFs Near 965M|96.5% of the way to a billion · ~35M XRP to go|On-Chain$1.43B in Real-World Assets Now Live on the XRP Ledger|Led by Ondo tokenized US Treasuries · Minting & redeeming against RLUSD|
XRPL DevelopmentDecember 22, 2025

XRPL Tokenized Assets Reach $400 Million

How much tokenized assets are on XRPL? XRPL's tokenized asset market has grown from near zero in early 2025 to over $400 million by December, driven by stablecoins and real-world asset (RWA) tokenization. The network processes 900K-1M daily transactions with an average payment value of $3,207 indicating institutional usage.

The XRP Ledger's tokenized asset market has grown from near zero in early 2025 to over $400 million by December, driven primarily by stablecoins and real-world asset (RWA) tokenization.

Key Highlights

  • -$400M+ in tokenized assets on XRPL
  • -Growth from near zero at start of 2025
  • -900K-1M daily transactions on the network
  • -Average payment value of $3,207 indicates institutional usage

RWA Tokenization

XRPL is becoming a hub for real-world asset tokenization. The network's low fees, fast finality, and regulatory clarity make it attractive for tokenizing traditional financial instruments. Integration with platforms like Securitize (BlackRock-backed) enables institutional-grade tokenization workflows.

Confidential Transactions Coming

XRPL is set to introduce confidential Multi-Purpose Tokens (MPTs) secured by zero-knowledge proofs (ZKPs). This upgrade, developed in collaboration with Ripple and partners, will enable private transactions for institutions while maintaining auditability - a crucial requirement for institutional DeFi adoption.

What This Means

The explosive growth in tokenized assets represents a fundamental shift in XRPL usage. Rather than just being a payment rail for XRP, the ledger is evolving into a platform for tokenized finance. If this trajectory continues, XRPL could become a significant player in the multi-trillion dollar RWA tokenization market being pursued by major financial institutions.

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