XRPL Booms: Tokenized U.S. Treasuries Jump to $150M as Ledger Tops $1B

Blockchain is swallowing traditional government debt faster than many expected: the XRP Ledger (XRPL) now hosts more than $150 million in tokenized U.S. Treasury debt, marking a dramatic acceleration in real-world asset (RWA) issuance on the network. Key figures and drivers - Over the past year, tokenized U.S. Treasuries on XRPL jumped to $150.19 million, according to RWA.xyz. That marks a more than 2,900% increase from roughly $5 million on the ledger in 2025. - RWA issuance on XRPL has been driven primarily by platforms such as OpenEden Digital, Zeconomy, Ondo, and Archax. - XRPL recently cleared a major milestone: over $1 billion in total tokenized assets on the ledger. The $1 billion figure includes stablecoins, private credit, commodities, private equity and tokenized Treasuries. - Stablecoins account for the largest share on XRPL at about $338 million — roughly 125% higher than tokenized Treasuries on the network. Private equity sits at $55.2 million (about 37% of XRPL’s tokenized Treasuries). - Across all blockchains, tokenized U.S. Treasury holdings total roughly $10 billion; XRPL’s Treasury holdings represent about 1.4% of that market. Why it matters - Institutional traction: The surge underscores growing institutional and platform-led interest in moving traditional, high-quality assets onto blockchain rails. Major RWA issuers are choosing XRPL as a venue for tokenizing government debt. - Faster, more transparent settlement: Tokenized Treasuries on XRPL enable near-instant settlement and on-chain verification, reducing reliance on intermediaries and legacy settlement processes that have historically been slower and more opaque. - Diversification of on-chain assets: While Treasuries are a headline-grabber, XRPL’s $1 billion-plus tokenized ecosystem demonstrates broadening utility — from stablecoins and private credit to commodities and private equity — positioning the ledger as a nascent hub for digital representations of real-world value. Context and outlook Tokenization is reshaping how traditional financial instruments are issued, tracked and traded. For decades, Treasuries were recorded and transferred through centralized systems with multiple intermediaries and limited retail access; blockchain promises a shift toward faster execution, greater transparency and potentially wider market access. That said, broader adoption will depend on regulatory clarity, custody solutions, and continued institutional comfort with on-chain representations of regulated securities. Bottom line: XRPL’s rapid rise in tokenized Treasury volume is a concrete sign that RWA tokenization is moving beyond experimentation. As issuance platforms and institutional users put more government and private assets on-chain, XRPL is carving out a meaningful — if still relatively small — share of the growing tokenized Treasuries market. Read more AI-generated news on: undefined/news