XRP Ledger Sees $7B RWA Surge in Single Day

The XRP Ledger (XRPL) recorded a significant surge in tokenized RWA activity, with over $7 billion worth of RWAs moved across the network in a single day. This marked a new all-time high (ATH) and represented a 47,000% increase from the figure recorded a month ago.

The majority of this activity came from Justoken's JMWH product, which accounted for $7.021 billion in transfer volume on September 22. Despite its large transfer volume, JMWH had only 165 holders, representing a 768% increase from the previous 30 days.

This massive rise in transfer volume raises questions about whether actual investors, including institutions, drove the recent JMWH activity or whether the asset manager itself carried out a large share of the transfers.