XRP Ledger Adds $2.6 B in Tokenized Real‑World Assets, Ranking Second Among Blockchains
Over the past six months the XRP Ledger incorporated roughly $2.6 billion in tokenized real‑world assets (RWA), excluding stablecoins, placing it second only to BNB Chain in net RWA inflows across tracked blockchains. The ledger's represented RWA value rose to about $4.38 billion, and together with $995 million in stablecoins the total on‑chain asset base exceeded $5.37 billion.
The largest RWA segment on the ledger is tokenized energy, driven by the JMWH product that alone accounts for about $2.23 billion of represented value. Institutional participation is expanding: the Dubai Land Department uses the ledger for AED‑denominated property tokens, the UK FCA‑regulated exchange Archax is moving a $1 billion pipeline of securities onto the network, and tokenized U.S. Treasury holdings have grown sharply since early 2025.
Entities: Archax · Dubai Land Department · JMWH energy token · U.S. Treasury · XRP Ledger
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [○ 1 SOURCE] The JMWH token represents about $2.23 billion of the XRP Ledger's represented RWA value, making tokenized energy its largest asset class.
- [○ 1 SOURCE] Tokenized U.S. Treasury holdings on the XRP Ledger grew from about $50 million in early 2025 to a substantially larger position by Q1 2026.
- [○ 1 SOURCE] Stablecoins held on the XRP Ledger amounted to roughly $995 million, bringing total on‑chain assets above $5.37 billion.
- [● 3 SOURCES] The XRP Ledger added about $2.6 billion in tokenized real‑world assets (excluding stablecoins) over the past six months.
- [● 2 SOURCES] The XRP Ledger ranked second among blockchain networks for net RWA inflows in the six‑month period, behind BNB Chain.
- [○ 1 SOURCE] Dubai Land Department selected the XRP Ledger for AED‑denominated property tokenization.
- [○ 1 SOURCE] Archax, a UK FCA‑regulated digital securities exchange, is moving a $1 billion issuance pipeline of institutional assets onto the XRP Ledger.
- [○ 1 SOURCE] Represented RWA value on the XRP Ledger reached about $4.38 billion as of July 26.