The XRP Ledger, a blockchain platform tied to the cryptocurrency XRP, is making waves in the fintech space with a remarkable 34,6% monthly growth in tokenized real-world assets (RWAs). According to data from rwa.xyz, the platform’s RWA value has climbed to $157,4 million, securing its spot as the 10th-largest blockchain in this category. With a new partnership with Mercado Bitcoin, a leading Brazilian crypto exchange, XRP Ledger is poised for even greater expansion in the Latin American market.
A Rising Star in Tokenized Assets
Tokenized real-world assets are digital representations of physical or financial assets—like real estate, stocks, or government bonds—stored on a blockchain. This technology allows for faster, more transparent transactions and opens up investment opportunities to a global audience. XRP Ledger’s recent growth places it just behind Aptos, which saw a 57% increase to $539,3 million, while Ethereum continues to dominate with a staggering $7,55 billion in tokenized RWAs, albeit with a modest 2,4% gain.
What’s striking about XRP Ledger is its efficiency. Despite ranking 10th by total RWA value, it hosts only six projects, making it one of the leanest networks in terms of project count among the top players. This suggests a focused approach to building high-value initiatives on the platform.
Breaking Down XRP Ledger’s Asset Mix
A closer look at XRP Ledger’s tokenized assets reveals a strong focus on financial instruments. US Treasury debt leads the pack, accounting for $90,1 million or roughly 57% of the network’s RWA value. Public equity receipts follow at $55,4 million, with smaller contributions from non-US sovereign debt ($11,9 million) and real estate tokens ($2,9 million). Key players like Archax, which manages $112,1 million across three instruments, and Ondo, with $30,1 million, are driving much of this activity.
Mercado Bitcoin Partnership: A Game-Changer
The big news for XRP Ledger is its recent tie-up with Mercado Bitcoin, announced on July 4, 2025. This Brazilian exchange plans to tokenize over $200 million in regulated financial products, such as fixed-income and equity-income assets, using XRP Ledger’s technology. If successful, this move could more than double the platform’s current RWA value, potentially pushing it higher in the global rankings.
Mercado Bitcoin is no stranger to innovation, having already issued over R$1 billion (approximately $182 million) in on-chain private credit assets with a flawless track record of zero defaults. The exchange will leverage XRP Ledger’s native settlement layer to distribute these tokenized assets across South America and Europe, expanding access to regulated financial products. This partnership builds on existing collaborations, as Mercado Bitcoin already uses Ripple Payments for cross-border transfers between Brazil and Portugal and has listed Ripple’s RLUSD stablecoin on its platform.
How XRP Ledger Stacks Up Against Competitors
While XRP Ledger’s growth is impressive, it’s worth noting how it compares to other blockchain networks in the RWA space. Aptos and XRP Ledger lead in percentage growth, with Algorand and Solana also posting solid gains of 21,8% ($294,7 million) and 18,5% ($415,0 million), respectively. Stellar, however, saw a 5,7% decline to $467,7 million. Meanwhile, heavyweights like Ethereum and ZKsync Era, which together hold over 75% of the total tracked RWA value, recorded only minor changes. XRP Ledger currently claims a 1,2% share of the indexed market, a figure that could rise significantly with the Mercado Bitcoin initiative.
Why This Matters for Crypto and Fintech
The surge in tokenized RWAs on platforms like XRP Ledger signals a broader trend: the blending of traditional finance with blockchain technology. By digitizing assets, networks like XRP Ledger are making it easier for investors to access markets that were once out of reach, all while reducing costs and increasing transparency. The partnership with Mercado Bitcoin also highlights the growing role of Latin America in the crypto ecosystem, positioning Brazil as a hub for blockchain innovation.
As Ripple, the company behind XRP Ledger, continues to forge strategic alliances, the platform’s relevance in the fintech world is only set to grow. For crypto enthusiasts and investors, this is a space to watch closely—XRP Ledger might just be the underdog ready to take on the giants.
