XRP Ledger is expanding quickly in the real-world asset (RWA) tokenisation market, challenging an Ethereum-centred landscape. It took XRPL 15 months to reach $400 million in tokenised assets, versus 36 months for Ethereum. Data showed growth concentrated in short periods driven by a large issuer, while Ethereum inflows were more dispersed. In enterprise-focused tokenisation, XRPL has overtaken Algorand, Mantle and Aptos, though Ethereum remains far larger overall.

The market for real-world assets (RWA) has surpassed $33.8 billion, reviving interest in related cryptocurrency projects as a key 2026 investment theme. Attention is focusing on projects tied to tokenised assets, institutional payment infrastructure and blockchain-based financial rails, amid growing efforts to handle bonds, commodities and payment systems on-chain. Chainlink drew the most attention among top RWA projects by market value, followed by Stellar, Avalanche, Hedera and Ondo.