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.

Grayscale selected Ethereum, Solana, BNB Chain and Canton Network as blockchains that could be most likely to attract institutional inflows after the passage of the Clarity Act. It said greater regulatory clarity could push capital toward networks with deeper on-chain finance foundations. The Clarity Act cleared the U.S. Senate Banking Committee on May 14 by 15-9 and now heads to a full Senate vote, where 60 votes are needed for final passage.