XRP Alone Accounts for 67% of Justoken’s $2.63B Global Tokenized RWA Value

The XRP Ledger alone accounts for more than 67% of the total global tokenized real-world assets value from Justoken, valued at over $2.6 billion.

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Justoken’s decision to place the full value of its Justoken Megawatt-Hour (JMWH) commodity product on the XRP Ledger has largely contributed to this growth. JMWH, which represents tokenized energy assets, currently delivers nearly $1.8 billion in represented value.

Key Points

• The XRP Ledger accounts for over 67% of the global tokenized RWA value from Justoken.
• Justoken has tokenized $2.63 billion in global asset value through its commodity-focused products.
• JMWH, an energy product issued exclusively on the XRPL, holds the largest share of represented value at $1.76 billion.
• Justoken deployed its other tokenized products, worth $862 million, on the Polygon network.
• With $2.5 billion in tokenized RWA, the XRPL has become the world’s third-largest network for represented RWA value.

XRP Accounts for 67% of Justoken’s Global RWA Value

Data from RWA.xyz, the leading analytics platform for the RWA tokenization industry, confirms XRP’s unique position.

For context, Justoken, a global blockchain infrastructure platform focused on tokenization, has issued about $2.63 billion in real-world assets through its commodity-based products. The platform controls 90.32% of the total represented value of tokenized commodities worldwide across all blockchain networks.

Notably, 67.14% of Justoken’s $2.63 billion in deployed value operates within the XRP ecosystem. Justoken achieved this by exclusively launching its largest product, JMWH, on the XRP Ledger. This product now boasts $1.763 billion worth of tokenized energy after recently increasing by nearly $900 million.

Polygon Hosts the Rest

Initially, Justoken distributed its products across two primary networks, the XRP Ledger and Polygon, in nearly equal measure. While JMWH transitioned exclusively to the XRP Ledger, Polygon continued to host Justoken’s remaining products, including JSOY_OIL, JSOY, JCOT, JCORN, and CREDITSB. All these products, besides CREDITSB, represent tokenized commodities.

Polygon initially hosted roughly 49% of Justoken’s total deployed real-world asset value, with $863 million in represented assets, while the XRP Ledger held a slight lead at 51%. However, after JMWH’s sharp rise in value, the XRP Ledger expanded its share by 33% to 67%, while Polygon’s share fell by 33.6% to 32.86% as of press time.

XRPL Now Third-Largest Network in Represented RWA

The XRPL now supports $3.1 billion worth of total RWA, excluding stablecoins. With stablecoins, this value rises to $3.58 billion. Of this figure, the network hosts $2.54 billion worth of represented RWA value, including its commodity-based products from Ctrl Alt and the tokenized credit from VERT Capital. 

Globally, the XRP Ledger currently ranks as the third-largest blockchain network by represented real-world asset value, trailing only Canton and Provenance. It surpasses heavyweights such as Polygon, Solana, and Ethereum, recording a 66% increase over the past month, the strongest growth among the top 10 networks.