The XRP Ledger has recorded $2.6 billion in new real-world asset (RWA) inflows over the past six months, excluding stablecoins, making it the second-largest blockchain by recent growth in tokenized assets.

The total was behind only BNB Chain, which attracted $3 billion in RWA inflows over the same period, according to data from RWA tracking platform RWA.xyz, as reported by The Crypto Basic. Excluding stablecoins focuses the comparison on other tokenized assets, such as credit, commodities, funds and real estate, rather than blockchain-based dollar and currency tokens that are often measured separately.

Ethereum Leads Total RWA Value, but Recent Inflows Lag

Ethereum remains the largest blockchain by total RWA value. However, its six-month RWA inflows stood at $424 million, far below the amounts reported for XRP Ledger and BNB Chain during the same period.

The figures show that total market size does not always correspond with the pace of recent adoption. Alternative networks have gained traction in tokenizing real-world assets, including private credit, commodities and real estate.

XRP Ledger RWA Value Rises to $4.38 Billion

After the latest inflows, the total value of real-world assets on the XRP Ledger has increased to $4.38 billion. That places the network sixth globally among blockchains by total RWA value.

The growth reflects rising institutional use of XRPL for asset tokenization, supported by the network’s low transaction costs and fast settlement times. In the RWA sector, XRP Ledger is competing with established blockchain networks including Polygon, Solana and Avalanche.

Tokenization Becomes a Major Blockchain Use Case

Real-world asset tokenization has become an important area of blockchain adoption as traditional financial institutions explore ways to represent assets on-chain and improve liquidity and transparency. For institutions and issuers, blockchain selection can affect settlement speed, transaction costs, compliance design and access to existing liquidity.

XRPL’s inflows indicate that its infrastructure and partnerships are attracting issuers and investors involved in tokenized assets. The comparison with BNB Chain and Ethereum also points to a more fragmented tokenization market, with different networks developing roles across the RWA economy.

What RWAs Mean in Blockchain

In blockchain, real-world assets refer to tangible or financial assets represented as digital tokens on a blockchain. These can include real estate, commodities, bonds and private credit. Tokenization can allow assets to be traded, settled and managed more efficiently.

XRP Ledger’s low fees and fast settlement are among the features cited as useful for high-volume tokenization. The source also cited targeted partnerships and institutional marketing as factors supporting adoption, while Ethereum’s higher costs and network congestion may slow some new RWA projects.

BNB Chain, meanwhile, benefits from a large decentralized application ecosystem and a strong presence in Asia. Its connection to Binance’s liquidity and user base has also supported its position in RWA inflows. Both BNB Chain and XRPL compete on speed and transaction cost.

The six-month data highlights a changing landscape for real-world asset tokenization. With $2.6 billion in new RWA inflows and $4.38 billion in total RWA value, XRP Ledger has strengthened its position among blockchain networks used for institutional-grade asset representation.