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I found it interesting to see that XRPL continues to gain ground in the RWA market. Even with a 15% drop in the last month, the network now has over $408 million in tokenized real-world assets, representing 1.53% of the entire global share. That means it's not a small amount — this positions XRPL as the eighth-largest network in terms of distributed RWA value.
What stands out is how US Treasury debt dominates this composition. There are $282 million in U.S. government bonds on the network. Ondo's short-term fund is the largest single product, with $160 million. Guggenheim holds $75 million in Treasuries, and OpenEden contributes another $46 million. Additionally, there are $82 million in corporate credit and $24 million in asset-backed credit.
XRPL's growth in RWA is quite consistent — it started 2026 with $337 million and peaked at $481 million in February, despite some withdrawals afterward. Including stablecoins, the total value rises to $821 million. It seems the market is comfortable with XRPL as a platform for these assets, despite recent fluctuations.