[REVISION HISTORY]

XRP Ledger scales RWA tokenization and network utility

46 recorded revisions of this situation.

What changed

2026-10-26 17:16 UTC → 2026-11-03 11:45 UTC · added ~~removed~~

By late 2026, the XRP Ledger (XRPL) demonstrated significant growth in network activity and real-world asset (RWA) tokenization. The network surpassed 5 billion cumulative transactions, with daily payments approaching 1 million. While daily active accounts have fluctuated, trading volumes and the total value of tokenized assets and the RLUSD stablecoin reached approximately $4.26 billion. In the RWA sector, the number of addresses holding tokenized assets rose from 37,753 at the start of 2026 to over 85,000 by September. By late October, the XRPL ranked ninth among networks for distributed RWA value, holding $5.38 billion in tracked RWA value, including $642.2 million in distributed assets. Ripple’s RLUSD stablecoin has seen rapid expansion, with its total supply surpassing 2.52 billion tokens by late September. To support cross-border utility, Ripple partnered with Switzerland-based Arf to utilize RLUSD for providing short-term settlement ~~liquidity to licensed payment companies.~~ liquidity. Ripple also ~~expanded its footprint in Turkey and through its~~ announced a partnership with ~~Brevan Howard. By late October, the XRPL ranked ninth among networks~~ DriveWealth to utilize RLUSD for ~~distributed RWA value, holding $5.38 billion~~ settlement, allowing brokerage clients to convert stablecoins to cash in ~~tracked RWA value.~~ near real time. Additionally, Standard Chartered launched a custody service for RLUSD through its DIFC Branch. Despite ~~this utility,~~ utility growth, the native XRP token has faced volatility, trading near ~~$1.31. Analysts have noted~~ $1.25 in early November. On-chain data shows whale accumulation hit a ~~decoupling between ledger activity and token demand, as wealth remains highly concentrated among the top 0.01% of accounts.~~ five-year low in mid-October, while exchange reserves approached one-year highs. However, network activity remains ~~high;~~ robust: the daily XRP burn rate reached a two-week high of 1,114.97 XRP on October ~~23. In mid-October, institutional positioning for the XRPL focused on RWA tokenization~~ 23, and ~~cross-border capabilities. Odelia Torteman of XRPL Commons noted~~ the ledger’s architecture supports institutional requirements, including permissioned decentralized exchanges. While former Ripple adviser Anthony Welfare stated the XRPL can process transactions in under three seconds, he cautioned that institutions require deep liquidity, custody services, and interoperability beyond mere speed. To further ecosystem engagement, Ripple scheduled its Swell 2026 conference in Manhattan for late October, integrating ledger recorded a surge of 7,934 new wallets on November 1, more than double the ~~Apex developer summit and UBRI Connect academic conference.~~ 30-day average.

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