The growth rate of XRP's RWA is indeed rapid; institutional narratives need to change their anchor.

CryptoQuant News, citing Evernorth, reports that the tokenization of real-world assets (RWA) on XRP has surged from $10 million to $400 million over the past 15 months, growing at more than twice the speed of Ethereum. Since 2026, RWA on the XRP Ledger has risen from approximately $227 million to over $404 million, with a year-to-date growth rate of 78%. Over the same period, Ethereum’s growth was about 35%. XRP’s rate of expansion for tokenized assets also outpaces Avalanche and Polygon, showing its competitiveness in institutional tokenized finance. Although it ranks around 11th by total RWA value, XRP’s market capitalization is close to the top tier among comparable blockchain networks. Analysts say this gap may signal rising expectations for institutional adoption.