XRP Ledger Tokenization Market Sees 28% Growth
The XRP Ledger continues to make progress in the tokenization market despite its price struggles. According to recent data, distributed real-world assets (RWAs) on the network have seen significant growth over the past 30 days.
New figures show that the total value of distributed RWAs has risen by 28.2% to $484.98 million, putting it within reach of the $500 million mark. The Ondo Short-Term US Government Bond Fund (OUSG) remains the largest distributed RWA on the network, accounting for nearly 44% of the total distributed value with a value of $212 million.
The number of RWA holders has also increased by 23.31% to 201 over the same period. While some activity metrics have declined, such as transfer volume which fell by 57.6%, the growth in distributed asset value suggests continued adoption of tokenized assets on the XRPL.