Tokenized U.S. Treasuries listed on the price could go next.
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Settings behind the wave
Platforms such as OpenEden, Ondo Finance and Zeconomy are behind the Treasury tokenization push on XRPL.
Their activities indicate that established financial players are testing the network as a way to move traditional assets onto a blockchain track.
According to data tracking platform RWA.xyz, the
The total tokenized real-world asset value on XRPL has surpassed $3.6 billion in just five months, based on data cited by community commentator X Finance Bull in a post on
Why do people still hate ripple:native when XRPL is up 63% in the last 30 days on the RWA League Table?👇
In just five months, the XRP Ledger has absorbed over $3.5 billion in RWA value.
IN JUST 5 MONTHS!
Imagine what the next few months could look like.
XRPL is getting closer… https://t.co/HOXX33FRP9 pic.twitter.com/YFedTY1a6V
— X Finance Bull (@Xfinancebull) May 15, 2026
Real world assetsFor those unfamiliar, traditional financial products – bonds, funds, real estate, commodities – are represented as tokens on a blockchain.
Proponents of the technology say moving these assets up the chain makes them easier to trade, settle and distribute.
Ripple and the XRPL Foundation have been actively courting institutions to bring that kind of activity to their network.
X Finance Bull, who describes himself as an XRP community lecturer, pointed to the growth numbers as evidence that the broader market is still underpricing the token.
He argued that trillions of dollars in assets could eventually be tokenized on XRPL – a scenario that, in his view, would push the price of XRP well above current levels towards $10. “XRP will melt faces,” he wrote. The altcoin, he added, will go “much higher.”
A market that is still far ahead
The total market for tokenized assets is already valued at more than $350 billion globally. XRPL’s $3.6 billion share is roughly one percent of that total, leaving — at least on paper — significant room for further growth if adoption continues.
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The increasing issuance and transfer activity on the network suggests that institutions are not just exploring the idea, but actively using it, according to data firm Evernorth.
To prove that skeptics will ultimately be proven wrong, X Finance Bull made a comparison to the early days of Bitcoin. Critics once insisted BTC would never clear $100.
In October 2025, it reached a record high of almost $126,000. The analyst used that history to frame the current doubts about XRP as a repeat of the same kind of early dismissal.
Featured image from Unsplash, chart from TradingView