The XRP Ledger (XRPL), the technology underpinning the XRP digital currency, achieved a significant milestone at the close of Q2 2025. Data from Messari indicates a record-breaking real-world asset (RWA) market capitalization of $131.6 million on the XRPL platform. This expansion was notably driven by the introduction of fresh assets, which were initially unveiled at the XRPL Apex event held in Singapore.
Key contributors to this growth include the integration of Ondo’s OUSG, a tokenized U.S. Treasury fund, Guggenheim’s entrance with digitally represented commercial paper, and Ctrl Alt’s pioneering work in tokenizing real estate holdings on the XRPL network.