XRP Ledger’s $5.05 Billion RWA Value Is Mostly Represented Assets

Tokenized real-world assets on the XRP Ledger were valued at $5.046 billion in an Oct. 17 snapshot. Most of that amount fell into a category for assets that cannot move between wallets, distinguishing the total from value that can circulate freely on the network. The split is based on transferability. Represented assets cannot leave their issuing platform or move between wallets, and the ledger mainly serves as a recordkeeping and reconciliation layer for them. Distributed assets can move between wallets. The snapshot put $4.549 billion in represented assets and $496.6 million in distributed assets. It listed stablecoin market capitalization separately at $1.068 billion, outside the RWA total. One energy token made up about 49% of represented value. JMWH, offered by Justoken, was valued at $2.229 billion.

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