XRP Ledger Nears BNB Chain as Tokenized RWA Grows by $354 Million

After recently moving ahead of Solana, the XRP Ledger is now closing in on BNB Chain in the race for tokenized real-world assets (RWA).

Over the past 30 days, XRPL added approximately $354 million in tokenized assets, even as XRP’s market price faced broader downside pressure. This fresh growth has lifted the network’s total RWA value to $1.874 billion, excluding stablecoins and combining both distributed and represented assets.

XRP Overtakes Solana in RWA Rankings

According to the latest RWA league table, the XRP Ledger now ranks sixth among blockchain networks by tokenized real-world asset value.

In the process, XRPL surpassed Solana, which currently holds around $1.7 billion in tokenized RWAs (excluding stablecoins). The move highlights a clear divergence between price performance and on-chain asset growth, with XRPL expanding its tokenization footprint despite market volatility.

BNB Chain Now in Focus

With $1.874 billion in RWAs, XRPL sits just behind BNB Chain, which currently reports approximately $2.3 billion in tokenized assets.

To overtake BNB and secure the fifth position globally, XRPL would need to add roughly another $400 million in tokenized value. Given the recent $354 million monthly increase, the gap appears measurable rather than structural.

Structural Growth Amid Price Weakness

While XRP price action has struggled during the broader market downturn, the steady rise in tokenized asset value suggests growing infrastructure use rather than speculative demand.

If current momentum in RWA issuance continues, XRPL could soon challenge BNB Chain’s position and further solidify its standing among leading tokenization networks.

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