XRP Ledger Explodes 34% as Tokenization Wave Hits Critical Mass

Move over, Wall Street—blockchain's eating your lunch.

The XRP Ledger just posted a blistering 34% growth surge, riding the tokenization tsunami that's rewriting finance. No fluff, no maybes—just hard numbers and harder implications.

Tokenization isn't coming. It's here.

While traditional banks still push paper, distributed ledgers are vacuuming up assets at hedge-fund speed. Real estate? Art? Corporate debt? All getting digitized while legacy finance plays catch-up.

And the kicker? This 34% leap isn't some vaporware promise—it's measurable on-chain traction. The kind that makes VCs foam at the mouth and central bankers sweat through their suits.

So buckle up. The rails are being laid for the next financial system—and surprise, it doesn't need a 200-year-old bank to sign off. (Though rest assured, they'll still take their vig.)

Mercado Bitcoin Targets $200M in Tokenized Assets

One of the key drivers of this recent growth is the collaboration between Ripple and Mercado Bitcoin, Brazil’s leading digital asset exchange. According to Ripple, the partnership aims to tokenize over $200 million in permissioned fixed-income and equity-income products on the XRP Ledger.

This effort is part of a broader move by Mercado Bitcoin to expand its blockchain-based financial product offerings. The company already has experience in this space, having issued over R$1 billion (approximately $182 million USD) in on-chain private credit assets with no reported defaults. This track record sets the stage for a larger and more ambitious rollout, now powered by the XRP Ledger’s scalable and energy-efficient infrastructure.

By using the XRP Ledger’s native settlement layer, Mercado bitcoin plans to distribute these tokenized instruments not only across South America but also into the European financial market. This move could dramatically increase XRP Ledger’s presence in global tokenization efforts.

RWA Composition on XRP Ledger

At the heart of XRP Ledger’s growing RWA portfolio is a concentration in U.S. Treasury-backed assets, which make up roughly $90.1 million—57% of the total value. Following closely are tokenized public equity receipts at $55.4 million, non-U.S. sovereign debt at $11.9 million, and real estate tokens at $2.9 million.

Leading the infrastructure behind these assets is Archax, a digital securities exchange and custodian based in London. Archax is responsible for over $112.1 million in tokenized instruments across three asset classes, representing more than half of the total value held on the XRP Ledger. ONDO Finance, another key player in this space, contributes $30.1 million.

With such high-quality collateral backing the tokenized assets, the XRP Ledger has positioned itself as a viable platform for institutions aiming to bring traditional financial instruments on-chain.

Growth Amid Broader Blockchain Trends

The XRP Ledger’s gains come at a time when real-world asset tokenization is becoming a focal point for blockchain innovation. According to rwa.xyz data, Aptos, Algorand, Solana, and Ethereum are among the most active platforms in this space.

Algorand saw a 21.8% increase this month, bringing its RWA value to $294.7 million. solana followed closely with an 18.5% jump, totaling $415 million. Stellar, on the other hand, experienced a 5.7% decline to $467.7 million, bucking the broader upward trend.

Even as Ethereum maintains a strong lead by total value, its monthly growth was limited to 2.4%. XRP Ledger’s rapid expansion in comparison suggests that smaller, more agile chains are starting to chip away at Ethereum’s dominance, particularly in use cases where speed and cost efficiency are critical.

Ripple’s Broader Vision for Tokenized Finance

Ripple has made it clear that its future lies in tokenized finance. The company continues to expand its footprint across global payment corridors, and the XRP Ledger serves as a Core infrastructure component in that strategy.

In addition to supporting Mercado Bitcoin’s tokenization plans, Ripple has facilitated the listing of its RLUSD stablecoin on the Brazilian exchange and already powers cross-border treasury operations between Brazil and Portugal through Ripple Payments.

This multifaceted use of the XRP Ledger — from stablecoins and cross-border settlements to tokenized assets — reinforces its status as a blockchain designed not only for digital currency but also for comprehensive financial infrastructure.

What’s Next for XRP Ledger’s RWA Ecosystem

If the full $200 million target from Mercado Bitcoin is realized, XRP Ledger’s RWA base will more than double, potentially lifting its market share from the current 1.2% to well above 2%. This leap WOULD also move it closer to competing blockchains in the top five by total RWA value.

More importantly, the network’s ability to facilitate institutional-grade financial products could encourage additional issuers and exchanges to explore the XRP Ledger for their own tokenization needs.

The convergence of infrastructure, regulation, and institutional demand is setting the stage for tokenization to become a central pillar of the blockchain ecosystem. With its recent growth, strategic partnerships, and focus on compliant financial innovation, the XRP Ledger is quickly becoming a serious contender in this emerging space.

As real-world assets become an increasingly important part of crypto’s future, XRP Ledger’s performance over the coming months will be closely watched — not just by traders, but also by governments, banks, and financial institutions looking for the next major leap in digital finance.