XRP Ledger Sees 34% RWA Surge with Mercado Bitcoin Push

XRP Ledger is making a strong impression in the tokenized real-world asset (RWA) sector, recording a 34.6% monthly increase to reach $157.4 million in total value, according to recent data from rwa.xyz. This notable progress positions the XRP Ledger among the fastest-growing blockchain networks in the RWA space, trailing only behind Aptos in terms of monthly growth percentage.

Despite being the tenth-largest blockchain by overall tokenized RWA value, XRP Ledger currently hosts just six active projects, making it the third-smallest in terms of the number of initiatives. However, this figure is expected to grow thanks to an important collaboration with the Brazilian exchange Mercado Bitcoin. The new partnership aims to bring over $200 million in regulated financial assets on-chain through tokenization on the XRP Ledger.

Among major blockchains, Aptos posted the most significant gain, registering a nearly 57% monthly climb to $539.3 million in RWA value. Ethereum, while still dominating the overall RWA market with a massive $7.55 billion, grew at a more modest rate of 2.4%. Other notable performers include Algorand, which rose by 21.8% to $294.7 million, and Solana, climbing 18.5% to reach $415 million. Conversely, Stellar was the only top network to decline, dipping 5.7% to $467.7 million.

XRP Ledger’s share now occupies 1.2% of the indexed RWA market, highlighting its accelerating influence despite its smaller footprint in project count. Key components of tokenized value on the XRP Ledger include $90.1 million in U.S. Treasury debt (accounting for 57% of the ledger’s RWA valuation), followed by $55.4 million in public equity receipts. Other contributions come from $11.9 million in foreign government debt and $2.9 million in real-estate tokens.

Archax leads in protocol contributions on XRP Ledger with $112.1 million spread across three instruments, representing more than half of the network’s current value. Meanwhile, Ondo contributes another $30.1 million. Looking ahead, token volumes on XRP Ledger are poised to grow rapidly. Mercado Bitcoin, in its July 4 announcement, revealed plans to tokenize over $200 million worth of permissioned debt and equity securities through the platform.

This development stands as one of the largest tokenization efforts in Latin America. It follows Mercado Bitcoin’s prior history of tokenizing over R$1 billion (approximately $182 million) in on-chain private credit products with zero defaults. This impressive track record underscores the credibility of the current strategy to expand financial access throughout South America and Europe using XRP Ledger’s native liquidity and settlement capabilities.

As part of the broader integrated ecosystem, Mercado Bitcoin already uses Ripple’s cross-border payment infrastructure to manage fund transfers between Brazil and Portugal. Additionally, the exchange adopted the Ripple USD (RLUSD) stablecoin earlier this year, enhancing its digital asset offerings with compliant, dollar-backed liquidity.

Should the tokenization plans proceed as envisioned, XRP Ledger would more than double its current RWA capitalization. This would significantly improve its standing in the rankings compiled by rwa.xyz and solidify its role as a major blockchain for real-world asset issuance and distribution.

Related: Expert Advice: Sell XRP If You’re Confused

The momentum building around XRP Ledger, anchored by strategic partnerships and strong technical foundations, highlights the blockchain’s growing appeal for institutions looking to enter the tokenization space. With its scalable infrastructure and expanding use cases, XRP Ledger is evolving into a vital platform for decentralized finance and digital asset innovation.