Real-world asset holders on the XRP Ledger climbed 25.16% over the past month, while represented asset value reached $4.06 billion, according to RWA.xyz tracking data.
Ripple announced equity investments in Zilo and Licuido on August 3, two infrastructure firms focused on tokenized asset workflows. The company has placed renewed emphasis on broadening adoption of tokenized assets across its distributed ledger.
The XRP Ledger has processed RWA issuance and settlement for over two years, but institutional participation accelerated in 2026. Holders of tokenized assets on the network now number in the thousands, up from hundreds at the start of the year. The $4.06 billion in represented value spans stablecoins, fiat-backed instruments, and collateral tokens issued by financial institutions and fintechs.
Zilo and Licuido each operate middleware layers that simplify how issuers and custodians interact with XRP Ledger tokenization protocols. Ripple's capital commitments, the size of which the company did not disclose, aim to accelerate development of settlement tools and liquidity infrastructure that financial institutions rely on. Both firms previously raised funding from venture capital investors focused on digital assets.
Ripple made tokenized assets a strategic priority since 2023, when it launched its private ledger for central bank digital currencies and institutional settlement. The shift marked a departure from the company's focus on cross-border payments using XRP as a bridge asset. Large financial institutions use tokenized assets because settlement latency decreases and assets can be programmed with compliance rules at issuance.
The 25.16% monthly growth in RWA holder count outpaces typical quarterly addition rates from prior years. Ripple attributes the acceleration to reduced friction in onboarding, lower transaction costs, and increasing comfort among issuers with regulatory clarity around tokenized assets in major jurisdictions.
Ripple has now made direct equity bets in XRP Ledger infrastructure twice in as many months. The pace of investment relative to the absolute size of the RWA ecosystem, four billion dollars in represented value against a global digital assets market exceeding five trillion, places tokenization in an early stage of buildout rather than a mature category.
