XRP Ledger Reaches $567M in Tokenized RWA Value, Up 2200% in 2025

TLDR

• The value of tokenized real-world assets on the XRP Ledger has increased by 2200% in 2025, surpassing $500 million.
• RLUSD, a Ripple-backed stablecoin, now accounts for 51% of the total tokenized RWA value on the XRP Ledger.
• In February 2025, Montis Group Limited contributed $55.35 million in assets to the XRP Ledger, pushing the total RWA value over $100 million.
• OpenEden’s TBILL Vault and Montis Group Limited’s assets have played key roles in the growth of the XRP Ledger’s tokenized assets.
• The XRP Ledger has attracted $72 million in new RWA value in the past two months, contrasting with losses seen by Ethereum and Polygon.

The value of tokenized real-world assets (RWAs) on the XRP Ledger (XRPL) has surged by 2200% in 2025, with total RWA value surpassing $500 million. The increase comes as tokenized real-world assets have gained traction across the crypto industry, driven by prominent figures like BlackRock CEO Larry Fink and SEC Chair Paul Atkins. Data from rwa.xyz reveals the impressive growth of the XRP network, highlighting key milestones and contributions from new products like RLUSD and OpenEden’s TBILL Vault.

XRP Ledger Sees Explosive Growth in RWA Value

The XRP Ledger has experienced a 23x increase in RWA value throughout 2025, reaching a total of $567.89 million. This increase is largely attributed to RLUSD, a Ripple-backed stablecoin, which now accounts for $292.93 million, making up 51% of the total RWA value. At the beginning of 2025, the XRP Ledger held just $24.681 million in tokenized assets, with RLUSD contributing most of that value.

As the year progressed, the XRPL saw continued growth. In February, Montis Group Limited introduced $55.35 million in assets, propelling the network’s total RWA value to over $100 million. RLUSD’s growth was a key factor, with its value rising to $94 million by April, which further pushed the total RWA value above $200 million. The steady increase throughout the year demonstrates the XRP Ledger’s growing presence in the tokenized asset space.

RLUSD Leads the Way for Tokenized Assets

RLUSD, which was launched in early 2025, 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 stablecoin’s success comes at a time when more traditional financial products, such as government bond funds, are being tokenized and introduced onto the XRP network.

Other notable contributions include OpenEden’s TBILL Vault, which is valued at $61.458 million, and Montis Group Limited’s assets, worth $55.239 million. These additions have bolstered 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

While the XRP Ledger has seen impressive growth, it still lags 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 like Ethereum, BNB Chain, and Solana still dominate the RWA market, but the XRP Ledger is steadily gaining ground.

Recent data shows that the XRPL has attracted $72 million in new RWA value over the past two months. This is a sharp contrast to Ethereum and Polygon, which have seen decreases of $84 million and $629 million, respectively, in the same period. Despite these challenges, the XRP Ledger’s RWA market continues to grow, showcasing its potential in the evolving space of tokenized assets.

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