XRP Ledger hits $3.68B in tokenized assets as growth doubles Ethereum's

XRP Ledger's tokenized asset value reached $3.68 billion as of June 3, up from $900 million at the start of 2026, a 344% increase in five months.

"The growth is concentrated and institutional — 96% of new tokenization activity on XRP Ledger over the past year occurred in just 20 days, consistent with treasury-scale commitments rather than retail accumulation," according to an Evernorth report on blockchain tokenization trends.

Justoken alone accounts for $2.2 billion of the total, placing tokenized energy assets on the ledger. Ondo Finance added tokenized US government securities. VERT Capital, Guggenheim, and Societe Generale contributed Treasury-linked products and stablecoin activity. Among 14 blockchain networks carrying more than $200 million in tokenized assets, XRP Ledger's growth rate of 344% runs more than double Ethereum's roughly 35% pace, Evernorth data shows.

The milestone positions XRP Ledger as a direct competitor to Ethereum in the real-world asset tokenization market, which Boston Consulting Group and Ripple project will reach $18.9 trillion by 2033. The CLARITY Act, which cleared the Senate Banking Committee in a 15-9 bipartisan vote on May 14, could accelerate institutional inflows if it passes a full Senate vote.

$2.2 Billion in Energy Assets Leads the Charge

Justoken's $2.2 billion in tokenized energy assets represents the single largest concentration on XRP Ledger, a category that remains underdeveloped on most competing networks. Ondo's tokenized government securities add a traditional finance dimension that likely influenced institutional evaluators at Guggenheim and Societe Generale, according to the Evernorth analysis. These firms did not coordinate their decisions — each independently evaluated multiple blockchain networks and selected XRP Ledger, the report said.

International Infrastructure Outruns US Policy Uncertainty

Outside the US, XRP Ledger has built operational scale that most blockchain projects cannot match. SBI Holdings runs XRP infrastructure across 26 banking partnerships in Japan. Rakuten Pay has opened XRP access to 44 million users. Ripple secured regulatory approval in Dubai and received recognition as a payment token from the Monetary Authority of Singapore. These approvals give XRP Ledger a regulatory footprint across three major financial jurisdictions while US digital asset policy remains in legislative limbo.

The CLARITY Act's passage through two Senate committees signals that a federal market structure for digital assets may arrive this year. If enacted, the legislation could drive what analysts describe as trillions in inflows into compliant tokenization platforms — a scenario for which XRP Ledger's existing institutional infrastructure is already positioned.

This article is for informational purposes only and does not constitute investment advice.