Tokenized US Treasury bonds sitting on the XRP Ledger have grown from $50 million to $418 million in roughly a year — an eightfold jump that is drawing fresh attention to Ripple’s blockchain network and renewing speculation about where XRP’s price could go next.
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Institutions Behind The Surge
Platforms including OpenEden, Ondo Finance, and Zeconomy are behind the Treasury tokenization push on XRPL.
Their activity signals that established financial players are testing the network as a way to move traditional assets onto a blockchain rail.
According to data tracking platform RWA.xyz, the XRP Ledger climbed more than 60% over the past 30 days in its RWA rankings, putting it 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 in a post on X.
Why are people still hating on ripple:native when 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.
IN JUST 5 MONTHS!
Imagine what the next few months could look like.
XRPL is getting closer to… https://t.co/HOXX33FRP9 pic.twitter.com/YFedTY1a6V
— X Finance Bull (@Xfinancebull) May 15, 2026
Real-world assets, for those unfamiliar, are traditional financial products — bonds, funds, real estate, commodities — represented as tokens on a blockchain.
Supporters of the technology 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 that kind of activity to their network.
X Finance Bull, who describes himself as an XRP community educator, pointed to the growth figures as evidence that the broader market is still underpricing the token.
He argued that trillions of dollars in assets could eventually be tokenized on XRPL — a scenario that, in his view, would push XRP’s price well above current levels toward $10. “XRP will melt faces,” he wrote.
A Market Still Far Ahead
The overall tokenized asset market is already valued at over $350 billion globally. XRPL’s $3.6 billion share puts it at roughly one percent of that total, leaving significant room — at least on paper — for further growth if adoption continues.
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Rising issuance and transfer activity on the network suggest institutions are not just exploring the idea but are actively using it, according to data firm Evernorth.
To make the case that skeptics will eventually be proven wrong, X Finance Bull drew a comparison to Bitcoin’s early days. Critics once insisted BTC would never clear $100.
It went on to reach a record close to $126,000 in October 2025. The analyst used that history to frame current doubts about XRP as a repeat of the same kind of early dismissal.
Featured image from Unsplash, chart from TradingView
