Tokenization is moving fast, and Ethereum has pulled ahead as the dominant network for real-world assets (RWAs) — even as the XRP Ledger (XRPL) keeps gaining traction. Why it matters - Tokenized stocks, ETFs and funds are increasingly being issued on-chain by institutions, creating a burgeoning RWA market now worth about $38.3 billion (Token Terminal). - Ethereum controls the lion’s share of that market and is the hub for the biggest transfer activity, positioning it as the go-to chain for institutional tokenization. Key figures (Token Terminal) - Ethereum holds roughly 67% of the total RWA market cap. - It also leads across subcategories: 72.5% of tokenized ETFs, 40% of tokenized stocks, and 63.6% of tokenized funds. - Transfer-volume leaders on Ethereum over the past 30 days: sUSDS Fund ($36.4B), sUSDe ($10.2B) and syrupUSDT ($4.3B). Institutional adoption: BlackRock’s choice - BlackRock recently selected Ethereum for the primary launch of two tokenized money-market funds. - BlackRock Select Treasury-Based Liquidity Fund (BSTBL) tokenized shares will launch solely on Ethereum. - BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV) will be launched with tokenized shares on multiple chains. - BlackRock’s existing tokenized U.S. Treasury Fund (BUIDL) totals $2.6B in assets, of which $1.2B sits on Ethereum. BUIDL is currently the second-largest tokenized Treasury Fund behind Circle’s USYC. XRPL: strong inflows and rapid growth, but lower transfer volume - The XRP Ledger is not standing still. RWA.xyz reports XRPL recorded the largest net inflows of any network over the past 30 days — $1.4B of net positive flows — indicating fresh RWA value moving into the chain. - Total RWA value on XRPL has topped $4B, a jump of more than 50% in 30 days, and the count of RWA holders rose to 69 (up ~137%). - However, transfer volume on XRPL has declined to about $146M, down roughly 27% over the same period. Market snapshot - XRP price: trading around $1.36 and down over the past 24 hours (CoinMarketCap). Bottom line Ethereum currently dominates RWA tokenization by market share and transaction volume, buoyed by institutional interest and major fund launches. At the same time, XRPL is carving out momentum with strong inflows and rapid growth in on-chain RWA holdings — suggesting the sector will continue to evolve across multiple chains rather than being monopolized by a single network.
Ethereum Dominates $38.3B Tokenized RWA Market as XRPL Sees $1.4B Inflows
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Summary
Ethereum news shows the network leading the tokenized RWA market with $38.3 billion in total value, capturing 67% of the sector. It dominates tokenized ETFs (72.5%), stocks (40%), and funds (63.6%). BlackRock selected Ethereum for its BSTBL tokenized money-market fund. Meanwhile, XRPL saw $1.4 billion in 30-day inflows, with RWA value over $4 billion, though transfer volume fell 27%. Ethereum price today remains a key metric for market watchers.
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