The XRP Ledger has witnessed a significant boost in distributed real-world assets (RWA) this year, adding $801 million since January. The total distributed asset value now stands at $1.319 billion, including stablecoins, reflecting the growing momentum in tokenization across the network.
Tokenization continues to expand rapidly in 2026, with the overall market surpassing $410 billion. The distributed asset segment has shown marked growth, rising from $25.39 billion at the start of the year to $36.72 billion, excluding stablecoins. This trend highlights increasing investor and developer interest in blockchain-backed real-world assets.
RLUSD Stablecoin Drives Majority of Growth
Ripple’s stablecoin, RLUSD, has been the main contributor to this rise on the XRP Ledger. Beginning the year with a market cap of $235 million, RLUSD has surged to $896 million, accounting for nearly 68% of the ledger’s total distributed asset value. Ripple has actively supported this expansion by minting more RLUSD on the XRP Ledger while simultaneously burning tokens on Ethereum.
The broader stablecoin ecosystem on XRP also continues to grow. Together with RLUSD, tokens like Braza USDB ($69.44 million), BBRL ($12 million), and USDC ($5.8 million) have helped push the stablecoin market cap on XRP close to the $1 billion threshold.
Beyond distributed assets, the XRP Ledger’s overall real-world asset ecosystem, including represented assets, now totals approximately $5.35 billion. The largest individual tokenized asset is Justoken’s JMWH, valued at $2.229 billion, underscoring the network’s expanding role in supporting diverse tokenized products.
