The XRP Ledger has quickly become a major player in the tokenized real-world asset (RWA) space, now ranking fourth on RWA.xyz’s network rankings, according to RippleX. It currently trails only Canton, Ethereum, and Provenance in terms of the total value of RWAs issued on the network, but surpasses BNB Chain, zkSync Era, Solana, Stellar, and Avalanche.
XRP Ledger Jumps To No. 4 In RWA Rankings
RippleX highlighted a significant achievement for XRP Ledger, noting its rapid growth in the tokenized asset space. According to a post on X, the platform has quickly risen from being among the top 10 to now ranking as the #4 ecosystem for Real World Assets (RWAs), making it one of the fastest-growing in the industry.
Currently, the XRPL network is seeing an increase in various real-world financial assets being represented as tokens directly on the blockchain, including US Treasury bills, money market funds, and even more complex investments like commercial paper and structured credit. Ripple notes that bringing these assets onto the blockchain is a significant step, but the real potential lies in expanding their use and capabilities within the broader financial system – something the XRP community is actively working towards.
According to RWA.xyz data, the XRP Ledger currently has $4.1 billion worth of Real World Assets (RWAs) represented on its network, with 302 different RWAs listed. This gives XRP Ledger a 1.09% share of the RWA market. Over the last month, the network has seen significant growth, increasing by 45.97%. This contrasts with declines seen on other networks like Canton (-4.92%), Ethereum (-4.37%), and BNB Chain (-4.36%). While Provenance, Solana, Stellar, and Avalanche all experienced growth, XRP Ledger’s increase was notably higher than theirs: Provenance grew by 6.37%, Solana by 8.24%, Stellar by 11.33%, and Avalanche by 39.29%.
Canton is currently the leading network by a significant amount, holding $313.6 billion in value and capturing 83.73% of the market. Ethereum follows in second place with $19.0 billion (5.08% share), and Provenance is third with $18.0 billion (4.80%). While XRP Ledger is in fourth place, it hasn’t yet reached the same value as the top RWA networks, it is becoming a noteworthy platform in the growing market for institutional tokenization.
Recent data from RWA.xyz indicates ongoing, but inconsistent, growth in the Real World Asset (RWA) sector. The total value of distributed assets increased by 1.77% in the last 30 days, reaching $33.87 billion. However, the value of assets represented by these tokens decreased by 2.98% to $340.04 billion. The number of asset holders grew by 8.04% over the same period, totaling 800,067. Stablecoins continue to dominate, with a total value of $305.08 billion and 256.21 million holders.
Looking at the types of real-world assets being tokenized reveals current trends. US Treasury debt makes up the biggest share, totaling $15.3 billion. Commodities are next at $7.1 billion, followed by asset-backed credit at $2.2 billion. Specialty finance, stocks, non-US government debt, and active investment strategies each account for between $1.4 and $1.7 billion.
At press time, XRP traded at $1.3596.
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2026-05-22 13:52