Tokenized RWA on XRP Ledger Tops $1B as RLUSD Drives Surge

Published: 2026-01-24 07:32:12 |

Tokenized real-world assets (RWA) on the XRP Ledger (XRPL) have surpassed $1.0 billion for the first time, rising from $885 million at the start of 2026 to $1.001 billion. Data from RWA.xyz shows XRPL added about $115 million year-to-date, with Ripple’s stablecoin RLUSD responsible for roughly $104 million (≈90%) of that gain. RLUSD’s market cap on XRPL now stands at $338 million, representing 33.7% of the ledger’s total RWA value and about 85% of stablecoin value on the network. Distributed assets account for $600.4 million (60%) — including $150.2 million in U.S. Treasury debt, $395 million in stablecoins, and $55.2 million in private equity — while represented assets total $401.4 million (40%), led by private credit ($283.8 million) and commodities ($110.7 million). A year ago the XRPL hosted only ~$45 million in tokenized RWA, marking nearly a billion-dollar increase in 12 months. The milestone underscores rapid XRPL adoption in RWA tokenization and highlights RLUSD’s central role in the network’s recent growth. This is informational and not financial advice.

Bullish

The $1B milestone signals meaningful adoption of XRPL for real-world asset tokenization, which is generally bullish for demand dynamics around XRPL-native tokens and ecosystem activity. RLUSD’s large contribution (≈90% of YTD growth) indicates concentrated but substantive on-chain stablecoin usage, increasing transaction volume, liquidity and utility on XRPL. Historically, milestones in tokenization (e.g., when major stablecoins or tokenized Treasury products scaled on other chains) preceded increased protocol activity, greater on-chain liquidity, and interest from custodians and institutional participants — all bullish catalysts. Short-term effects: positive sentiment, higher XRPL trading volumes, and potential speculative interest in XRP and XRPL-based tokens; however, concentration risks (heavy reliance on RLUSD) could introduce volatility if RLUSD inflows reverse or regulatory/stability issues emerge. Long-term effects: broader RWA adoption can drive sustained demand for XRPL infrastructure and services, supporting ecosystem growth and on-chain liquidity, which is constructive for XRPL’s market positioning. Overall, the news is a net positive for XRPL-related market activity but warrants monitoring of concentration and regulatory risk.