The long-term effort of Ripple to turn the XRP Ledger (XRPL) into a hub for tokenized real-world assets (RWAs) is showing signs of progress.
New data from RWA.xyz points to growth in both tokenized asset value and network participation. Specifically, the XRP Ledger’s represented asset value has climbed to $4.06 billion. That marks a 2.18% increase over the past 30 days. During the same period, the number of RWA holders rose 25.16% to 199.
The update comes just days after Ripple announced strategic investments in infrastructure firms ZILO and Licuido. The company said the investments are intended to expand the XRP Ledger’s institutional capabilities.
RWA Activity Grows on XRP Ledger
In addition to higher represented asset value and more RWA holders, the RWA.xyz dashboard shows the XRP Ledger now hosts 373 tokenized real-world assets. Distributed asset value stands at $368.82 million.
Stablecoins also remain an important part of the ecosystem. Stablecoin market capitalization has reached $901.4 million, with approximately 60,240 stablecoin holders on the network.
However, not all activity increased. RWA 30-day transfer volume fell sharply to $18.15 million. Stablecoin transfer volume also declined 1.79% over the past month to $3.89 billion, according to the dashboard.
Tokenization Outpaces XRP ETF Inflows
The latest figures also align with data shared by Evernorth, which said tokenization on XRPL is growing faster than attention toward spot XRP exchange-traded funds.
According to the company, tokenized real-world assets on the XRP Ledger grew from about $73 million in January 2025 to roughly $900 million by December 2025. They have since climbed to around $4.3 billion.
Evernorth added that spot XRP ETFs have attracted about $1.5 billion in cumulative net inflows since launching in November 2025. By comparison, the value of tokenized assets on XRPL is now nearly three times larger.
The comparison underscores Ripple’s strategy of positioning the XRP Ledger as more than a payments network. The company is also building it into infrastructure for institutional tokenization.
Ripple Builds Institutional Capabilities
The growth follows Ripple’s August 3 announcement that it had invested in ZILO and Licuido to bring regulated transfer agency, digital asset issuance, and collateral management to the XRP Ledger (XRPL).
The company says these additions will help solve issues like slow settlements, unused collateral, and fragmented liquidity. Its platform now supports token issuance, custody, collateral management, multiple currencies, and atomic settlement, with the RLUSD stablecoin used for secure delivery-versus-payment transactions.
Ripple is also building on partnerships with Aviva Investors, Franklin Templeton, and DBS as it grows its tokenized finance ecosystem. The recent rise in tokenized real-world assets (RWAs) on XRPL suggests these investments may already be helping drive adoption, as Ripple continues to position the network for institutional digital finance.
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