XRP Sees 28% Jump in Distributed Real-World Assets as Holders Spike 23%

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The XRP Ledger continues to make progress in the growing real-world asset (RWA) tokenization market despite XRP’s price struggles.

New data shows impressive growth in several major areas over the past 30 days, as distributed asset value and the number of RWA holders record massive gains. 

Although a few activity metrics moved lower during the same period, the increase in distributed assets suggests that adoption of tokenized assets on the XRPL continues to move forward.

Over the last 30 days, the distributed asset value on the XRP Ledger rose 28.2% to $484.98 million, which puts the network within reach of the $500 million mark.

OUSG Leads XRPL’s Tokenized Asset Market

The Ondo Short-Term US Government Bond Fund (OUSG) remains the largest distributed real-world asset on the XRP Ledger. 

For context, the fund launched on the XRPL last year and has since grown to a distributed value of $212 million. It now accounts for nearly 44% of the total distributed RWA value on the network.

OUSG also remains the only real-world asset product on the XRP Ledger with a distributed value above $100 million. 

The second-largest distributed asset is VERT’s 101th CRA – 2nd Tranche, which holds a value of $56.16 million, well below OUSG. 

The rest of the top five includes the Montis Group Limited product with $55.38 million, the Guggenheim Treasury Services DCP with $40.35 million, and VERT’s 101th CRA – 4th Tranche with $31 million. 

XRP RWA Holder Count Grows

Meanwhile, the XRP Ledger also added more participants to its tokenized asset ecosystem over the past month. Specifically, the number of RWA holders increased 23.31% during the last 30 days, reaching 201. This pushed the network beyond the 200-holder mark.

At the same time, represented asset value moved slightly lower. Over the same 30-day period, this metric slipped 0.18% to $4.06 billion. The small decline contrasts with the impressive rise in distributed asset value, suggesting that while more assets entered circulation, the total represented value remained largely stable.

XRP RWA transfer activity also slowed during the month. Transfer volume over the past 30 days fell 57.6% to $250.35 million. 

However, lower transfer volume does not necessarily point to weaker adoption. In many cases, holders simply keep assets on the network for longer instead of moving them frequently. This appears consistent with the continued growth in distributed asset value.

XRP Sees Mixed Stablecoin Metrics

The stablecoin ecosystem on the XRP Ledger also saw mixed metrics. The network’s stablecoin market capitalization dropped 9.69% to $901.15 million, a decline that comes as Ripple continues to increase burns of its RLUSD stablecoin on the network. 

Despite the lower market cap, the number of stablecoin holders still grew 0.95% to 60,320, which shows that adoption continued to expand.

While the overall XRP RWA market saw mixed signals, stablecoin activity remained healthy. Stablecoin transfer volume over the last 30 days increased 2.3% to $4.08 billion, indicating that users continued to move stablecoins across the network despite the smaller overall supply.