TLDR

  • In 2025, the value of tokenized real – world assets on the XRP Ledger has soared by 2200%, exceeding $500 million.
  • RLUSD, a stablecoin backed by Ripple, currently makes up 51% of the total tokenized RWA value on the XRP Ledger.
  • In February 2025, Montis Group Limited added $55.35 million in assets to the XRP Ledger, driving the total RWA value over $100 million.
  • The assets of OpenEden’s TBILL Vault and Montis Group Limited have played crucial roles in the growth of the XRP Ledger’s tokenized assets.
  • In the past two months, the XRP Ledger has drawn in $72 million in new RWA value, in contrast to the losses suffered by Ethereum and Polygon.

In 2025, the value of tokenized real – world assets (RWAs) on the XRP Ledger (XRPL) has skyrocketed by 2200%, with the total RWA value going beyond $500 million. This increase occurs as tokenized real – world assets have gained popularity across the crypto industry, spurred by well – known figures like BlackRock CEO Larry Fink and SEC Chair Paul Atkins. Data from rwa.xyz shows the remarkable growth of the XRP network, highlighting important milestones and contributions from new products such as RLUSD and OpenEden’s TBILL Vault.

XRP Ledger Sees Explosive Growth in RWA Value

Throughout 2025, the RWA value on the XRP Ledger has increased 23 times, reaching a total of $567.89 million. This growth is mainly due to RLUSD, a Ripple – backed stablecoin, which now accounts for $292.93 million, or 51% of the total RWA value. At the start of 2025, the XRP Ledger held only $24.681 million in tokenized assets, with [the missing part in original] contributing most of that value.

As the year went on, the XRPL continued to grow. In February, Montis Group Limited introduced $55.35 million in assets, pushing the network’s total RWA value over $100 million. The growth of RLUSD was a key factor; its value rose to $94 million by April, which further lifted the total RWA value above $200 million. The consistent increase throughout the year shows the XRP Ledger’s growing influence in the tokenized asset space.

RLUSD Leads the Way for Tokenized Assets

Launched in early 2025, RLUSD has been central to XRP’s RWA growth. As of now, RLUSD holds the largest share of the XRPL’s tokenized asset value at $292.93 million. The success of this stablecoin comes at a time when more traditional financial products, like government bond funds, are being tokenized and introduced to the XRP network.

Other notable contributions include OpenEden’s TBILL Vault, valued at $61.458 million, and Montis Group Limited’s assets, worth $55.239 million. These additions have boosted the XRPL’s growth, positioning it as a significant player in the tokenized asset market. The launch of new products like the US Dollar Fund from Aberdeen Investments has further contributed to the rising value of RWAs on the XRP Ledger.

XRP Ledger Continues to Expand Despite Challenges

Although the XRP Ledger has witnessed impressive growth, it still trails behind other blockchain networks in terms of total RWA value. Excluding stablecoins, the XRPL holds $213 million in distributed RWA value, making it the ninth – largest network in this category. Networks such as Ethereum, [the missing part in original], and Solana still dominate the RWA market, but the XRP Ledger is gradually catching up.

Recent data indicates that the XRPL has attracted $72 million in new RWA value over the past two months. This is a stark contrast to Ethereum and Polygon, which have seen decreases of $84 million and $629 million, respectively, during the same period. Despite these challenges, the XRP Ledger’s RWA market continues to expand, demonstrating its potential in the changing landscape of tokenized assets.