XRPL’s tokenized US Treasury market has expanded sharply, with Evernorth data showing holdings rising from about $50 million to around $418 million in 12 months. The growth marks an eightfold jump as real-world asset activity gains traction on the XRP Ledger. At the same time, XRP traded near $1.39 on Wednesday as broader crypto markets recovered.
Evernorth data shows the XRP Ledger has moved deeper into real-world asset tokenization, with US Treasuries leading the increase. The asset class has grown from a smaller niche into a market worth hundreds of millions.
The 12-month shift remains central to the trend. Tokenized US Treasuries on XRPL stood near $50 million a year ago, then climbed to around $418 million.
That growth points to rising institutional use of blockchain rails for traditional financial instruments. It also shows that XRPL now hosts more tokenized assets than before.
Transfer data shows a faster change beneath supply growth. In 2025, tokenized Treasury movement on XRPL reached about $70 million for the full year. In 2026, year-to-date transfer activity has already reached roughly $352 million. That figure sits more than five times above the 2025 total after only four months.
The data points to more than fresh inflows, as capital also moves more often after reaching the network. The focus has now moved from supply to flow. Issuance shows asset providers bringing Treasuries on-chain, while transfer volume shows settlement, rebalancing, and liquidity movement.
For US Treasuries, this level of on-chain movement carries weight because the asset class usually moves within stable, structured markets. XRPL activity now reflects broader use across issuance and transfer.
A resurfaced industry document has also renewed debate around XRPL and SWIFT. The document suggested that SWIFT would struggle to match XRPL’s architecture and efficiency at scale.
XRP held modest gains near $1.39 at the time of writing on Wednesday. The token moved with the broader crypto recovery as Bitcoin rose from a weekly low near $75,650 to above $77,000. A break above $1.40 would strengthen the bullish grip on XRP. If buyers fail to clear that level, the wider bearish bias would continue to guide the trend.
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Institutional interest across digital investment products remained weak. Bitcoin spot ETFs saw outflows on Monday and Tuesday, while XRP spot ETFs recorded mild inflows. SoSoValue data showed XRP spot ETFs posted $2.2 million in inflows on Tuesday after muted activity on Monday. Cumulative inflows now stand at $1.29 billion.
Net assets under management average at $1.05 billion. Sustained demand for XRP ETFs would support market sentiment and raise XRP’s recovery potential. Meanwhile, Bullish has integrated Ripple Prime into its Bitcoin options trading. The Cayman Islands-based institutional crypto exchange now gives Ripple Prime clients direct access to regulated BTC options markets.
The integration requires no additional know-your-customer checks. Ripple Prime operates as a non-bank multi-asset brokerage platform, while traders can use RLUSD to pay fees on Bullish.
XRPL Treasury tokenization has grown sharply, with tokenized US Treasuries rising to about $418 million and transfer activity accelerating in 2026. XRP also remains near a key price level as ETF inflows and Ripple Prime’s Bullish integration add fresh market context.