Independent researcher SMQKE has highlighted multiple reports suggesting that the XRP Ledger (XRPL) could be one of the leaders of the fast-growing tokenization market.
For context, the World Economic Forum (WEF) believes this market could reach $867 trillion, covering nearly all financial assets worldwide.
RWA Tokenization Market Seeing Impressive Growth
In his disclosure, SMQKE first highlighted data showing that the total value of tokenized real-world assets (RWA) on-chain stood at $26 billion. Interestingly, this number has already climbed. According to RWA.xyz, tokenized assets now total $27.85 billion, up 4.31% over the past 30 days, with 274 issuers and more than 382,000 holders.
At present, XRPL only holds $308.7 million of that amount, about 1.94% of the total, ranking it tenth among blockchains. Despite the modest share, SMQKE pointed out that ongoing institutional conversations suggest XRPL could eventually rise to the top.
He pointed to an August 2025 research note from Chainlink. Specifically, the note emphasized the importance of open, institution-ready platforms in tokenization. It also cited the Boston Consulting Group’s projection that $16 trillion worth of illiquid assets could be tokenized by 2030, roughly 10% of global GDP.
However, the WEF estimates that nearly all financial assets, worth up to $867 trillion, could eventually move on-chain. The report noted that settlements and payments linked to these assets already add up to hundreds of trillions. This creates a major opportunity for blockchains.
Reports Show the XRPL Could be a Potential Leader
SMQKE then referred to an August 2024 analysis from Charltons Quantum. Notably, the analysis followed Ripple’s $10 million commitment to support OpenEden’s U.S. Treasury Bill tokens on the XRPL.
It highlighted XRPL’s strong technical base, including automated market-making, decentralized identifiers, multi-purpose tokens, lending tools, and native oracles. Charltons Quantum suggested that these tools make the XRPL an ideal platform for RWA tokenization.
Importantly, OpenEden’s Treasury Bill tokens, backed by $75 million in total value locked, showed trust in this approach. The firm had already drawn interest from corporate treasuries, foundations, and institutional funds. Also, co-founder Jeremy Ng called XRPL a turning point in efforts to expand access to tokenized Treasuries.
Meanwhile, in July 2025, the Digital Assets Council of Financial Professionals (DACFP) also mentioned the XRPL. Its report listed Ethereum, Solana, and the XRPL among the top players building tokenization infrastructure.
Interestingly, other recent studies support SMQKE’s claims. For instance, in May 2025, the WEF released a report on tokenization in financial markets and mentioned the XRPL as an ideal platform. It highlighted Aurum Equity Partners’ launch of a $1 billion fund combining private equity and debt on the XRPL.
Then, in July, asset manager Bitwise suggested that buying XRP, alongside Ethereum and other assets, was one of the cleanest ways to gain exposure to the future of tokenization. These mentions have bolstered sentiments that the XRPL could become one of the leaders of the growing tokenization market.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
