Key facts
- XRP Ledger's tokenized assets grew from $900 million to nearly $4 billion in five months.
- Total represented asset value on XRP Ledger grew 13.79% in the past 30 days, reaching $3.68 billion.
- Justoken contributed approximately $2.2 billion in tokenized energy assets.
- Ondo, VERT Capital, Guggenheim, and Societe Generale are involved in tokenization on XRP Ledger.
- XRP Ledger's tokenized assets have grown 344% since the beginning of the year.
- Digital Platformer launched a proof-of-concept for an XRP Ledger-based RWA trading platform in Japan, tokenizing green electricity certificates.
The XRP Ledger is experiencing significant growth in tokenized real-world assets, expanding from approximately $900 million at the start of the year to nearly $4 billion within five months. In the past 30 days, the total represented asset value on the XRP Ledger grew by 13.79% to $3.68 billion. This growth rate is more than double that of Ethereum's tokenized asset growth. Key contributors include Justoken's $2.2 billion in tokenized energy assets, Ondo's tokenized government securities, and involvement from VERT Capital, Guggenheim, and Societe Generale. In Japan, SBI Holdings utilizes XRP infrastructure for 26 banking partnerships, and Rakuten Pay offers XRP access to 44 million users. Ripple has regulatory approval in Dubai, and Singapore recognizes XRP as a payment token. Daily transactions on the XRP Ledger have reached nearly 3 million. Digital Platformer, a Tokyo-based blockchain company, has launched a proof-of-concept for a real-world asset trading platform on the XRP Ledger, starting with tokenized green electricity certificates linked to solar power generation from iGrid Solutions. This project aims to improve the recording and trading of environmental value. Evernorth, an XRP-focused treasury company, notes that banks and financial companies are a significant source of demand, with the company holding over 473 million XRP and planning a Nasdaq debut via merger with Armada Acquisition Corp II.