The XRP Ledger (XRPL) is experiencing remarkable expansion in its tokenized asset ecosystem. This trend is being driven by the increasing adoption of Real World Assets (RWAs). Today, US Treasury debt is the tokenized value leader on this XRPL. It represents $90.1 million, or nearly 57% of the ledger’s real-world asset backing. A recent strategic partnership between Ripple and Mercado Bitcoin is bound to ramp up that growth even further. In total, they plan to tokenize $200 million worth of assets.
Composition of Tokenized Assets on XRPL
Public equity receipts account for more than 95% of the tokenized assets on the XRP Ledger. They have added up to some $55.4 million, not just US Treasury debt. Those non-US sovereign debt tokens add to $11.9 million in other countries’ bonds, with real-estate tokens making up another $2.9 million. This diversity of assets highlights the increasing interest in using blockchain technology to feature a more expansive list of financial instruments.
Archax, a regulated digital asset exchange is an important member on the XRPL protocol table. It has wowed with an outstanding $112.1 million over the three instruments. That’s 55.6% of the total on-chain value. Ondo, the other key player, is sitting on an enormous $30.1 million on the XRP Ledger. This decision is the latest sign of serious institutional interest in the platform.
Ripple and Mercado Bitcoin Partnership
Ripple and Mercado Bitcoin’s partnership will strengthen the tokenization of regulated financial assets across Latin America. Together, they will have an outsized impact on the overall advancement of the XRP Ledger. Mercado Bitcoin plans to tokenize more than $200 million in permissioned fixed-income and equity-income products. This new initiative expands upon Mercado Bitcoin’s prior success. They have been issuing over R$1 billion ($182 million) in on-chain private credit assets, and they have a zero defaults track record.
Mercado Bitcoin is already using Ripple Payments for cross-border treasury transfers between Brazil and Portugal. The exchange listed the RLUSD stablecoin on its platform earlier this year, suggesting a deeper partnership. This partnership plans to increase world access to financial products using tokenization. It stands as one of the most ambitious tokenization initiatives across Latin America.
Expanding Access and Future Outlook
Together, Ripple and Mercado Bitcoin make a formidable pair! Together, they will open up access to tokenized assets across LATAM markets. Through the tokenization of regulated financial instruments, the initiative aims to connect traditional finance with the rapidly evolving world of digital assets. This upcoming release could draw more institutional and retail investors to the XRP Ledger, continuing to spur the growth of this technology.
