The XRP Ledger (XRPL) has recorded a new milestone in the world of tokenized assets. In the second quarter of 2025, its market capitalization for real-world assets (RWA) reached a record high. A recent industry report indicates that XRPL adoption is increasing rapidly as more assets launch on the network.

XRPL Closes Q2 With $131.6 Million RWA Market Cap

According to Messari’s State of XRP Ledger Q2 2025 Report, the XRP Ledger ended the second quarter of 2025 with a record $131.6 million market cap in real-world assets (RWA). It is the highest number ever recorded on XRPL in this sector. Messari linked this growth to a wave of new issuances first announced at the XRPL Apex event in Singapore in June 2025, which drew global attention.

Messari also notes that in Ma

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