Tokenized US Treasury bonds on the XRP Ledger have exploded from $50 million to $418 million in just one year—an eightfold increase that is drawing fresh attention to Ripple's blockchain and fueling speculation about XRP's next price move.
Institutions Behind the Surge
Platforms including OpenEden, Ondo Finance, and Zeconomy are driving the Treasury tokenization push on XRPL. Their activity signals that established financial players are testing the network to move traditional assets onto a blockchain rail.
According to data tracking platform RWA.xyz, the XRP Ledger climbed over 60% in the past 30 days in its RWA rankings, now within striking distance of BNB Chain. Total tokenized real-world asset value on XRPL has crossed $3.6 billion in just five months, based on data cited by community commentator X Finance Bull.
"Why are people still hating on Ripple? XRPL is up 63% in the last 30 days on the RWA League Table. In just 5 months, the XRP Ledger absorbed over $3.5B in RWA value. Imagine what the next few months could look like."
Real-world assets (RWAs) are traditional financial products—bonds, funds, real estate, commodities—represented as tokens on a blockchain. Supporters say moving these assets on-chain makes them easier to trade, settle, and distribute.
Ripple and the XRPL Foundation have been actively courting institutions to bring this activity to their network.
XRPUSD now trading at $1.42. Chart: TradingView
X Finance Bull, an XRP community educator, argues the broader market is still underpricing the token. He believes trillions of dollars in assets could eventually be tokenized on XRPL, pushing XRP's price well above current levels toward $10. "XRP will melt faces," he wrote, adding that it will go "much higher."
A Market Still Far Ahead
The overall tokenized asset market is valued at over $350 billion globally. XRPL's $3.6 billion share is roughly one percent of that total, leaving significant room for growth if adoption continues.
Rising issuance and transfer activity on the network suggest institutions are actively using it, according to data firm Evernorth. X Finance Bull drew a comparison to Bitcoin's early days, when critics insisted BTC would never clear $100. Bitcoin went on to reach a record close to $126,000 in October 2025, framing current doubts about XRP as a repeat of early dismissal.
Featured image from Unsplash, chart from TradingView
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