RLUSD and RWA Tokenization Take Center Stage on XRP Ledger in Q2 2025: Messari Report Reveals Explosive Growth

XRP Ledger just schooled traditional finance on how to build real utility—no bailouts required.

RLUSD Dominates Stablecoin Landscape

The protocol-native stablecoin isn't just surviving—it's thriving where others plateau. RLUSD's integration cuts through legacy banking friction like a hot knife through butter.

RWA Tokenization Breaks New Ground

Real-world assets are flooding onto the ledger, bypassing paper-based systems that haven't innovated since double-entry bookkeeping. Tokenized commodities, real estate, and debt instruments are finding liquidity that traditional markets can't match.

Institutional Adoption Accelerates

Q2 wasn't about speculation—it was about infrastructure. Enterprises finally woke up to on-chain efficiency over bureaucratic tape. They're building rather than debating.

Messari's data doesn't lie: while traditional finance plays with spreadsheets, XRPL is rewriting the rules. Maybe Wall Street will catch up—right after their next coffee break.

Screenshot 2025 08 30 104124XRP Ledger Key Metrics Overview/Messari RLUSD and RWA Market Cap on XRP Ledger Rally Meanwhile, Ripple USD (RLUSD) on the XRP Ledger also saw improvements quarter over quarter, as it continues to penetrate the blossoming stablecoin market. The dollar-pegged cryptocurrency’s market cap increased 49.4% in the second quarter to $65.9 million, making it the Ledger’s largest stablecoin. Meanwhile, RLUSD on Ethereum also went parabolic, moving from around $200 million to nearly $390 million. The notable spike pushed the stablecoin’s valuation to $455.2 million at the close of the second quarter.

Screenshot 2025 08 30 104200RLUSD Market Cap on the XRPL Ledger RLUSD has continued to increase since then, up 16.49% in the past 30 days to $701.6 million. Currently, $85.9 million of its cap is on the XRP Ledger, while $615 million is on the ethereum network. In a separate development, the real-world asset (RWA) market cap on the XRP Ledger increased by 13% quarter-over-quarter to $131.6 million. The market infrastructure service provider, Montis Group Limited (MGL), launched by a partnership between Ripple and Archax, led the proceedings with $55.4 million. In comparison, the Ondo Short-Term US Government Bond Fund (OUSG) ranked second with $30.1 million.

Screenshot 2025 08 30 104217RWA Market Cap on the XRP Ledger/Messari This highlights efforts to facilitate RWA tokenization on the XRP Ledger, aiming to enhance its institutional use case. Recall that Ripple projected that the tokenization market would reach an estimated $18.9 trillion by 2033, with Bitwise’s Matt Hougan calling XRP one of the cleanest means of exposure to the rapidly growing sector. Other Notable XRP Ledger Development Moreover, there were other notable developments in the XRP Ledger in the second quarter of 2025. For context, the Ethereum Virtual Machine (EVM) sidechain launched on the XRP Ledger on June 30, a move that bridged programmability to the Ledger mainnet. The launch came on the heels of a partnership between Ripple and Wormhole to introduce multi-chain interoperability to the XRP ledger and the EVM sidechain. The integration enabled the Ledger to connect with over 35 blockchains, thereby enhancing its adoption. Additionally, the XAO DAO debuted as an autonomous XRPL community organization, empowering decentralized governance. The DAO would also allocate grants for ecosystem development.