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XRP Ledger upends RWA tokenisation as Ethereum dominance shaken

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.