On Monday, crypto analyst Paul Barron took to social media to celebrate a major milestone, announcing that the XRPL had “smashed” $1 billion in on-chain tokenized assets.
However, Luke Judges, a Ripple team member, quickly stepped in to correct the record with a much bigger number.
December surge
According to Judges, the $1 billion figure is already outdated history.
“We’re past 2 FYI,” Judges replied, revealing that the network had actually crossed the $2 billion milestone some time ago.
He attributed the discrepancy to data lag, noting that the team has been waiting for analytics provider @RWA_xyz to index the new assets with their partners.
Most strikingly, Judges took note of the velocity of this adoption. “In December alone, we doubled [market cap] of RWA from 1BN to 2BN on the XRPL,” he wrote.
Capital market coming On-chain
Despite the massive December inflow, Judges emphasized that the mission is far from complete. “Capital markets will come on-chain,” he stated. “Jobs not done till there’s a fully fledged, deep & mature ecosystem around these assets.”
Ripple has been aggressively executing a strategy to transform the XRP Ledger (XRPL) from a payment network into institutional financial infrastructure. Ripple invested $10 million directly into OpenEden’s TBILL tokens. This partnership brought short-term US Treasury bills onto the XRPL, offering investors a “risk-free” yield product that lives entirely on-chain.
The partnership with Archax, the UK’s first FCA-regulated digital securities exchange, is also critical. Archax has committed to bringing “hundreds of millions” in tokenized assets to XRPL, including tokenized access to funds from traditional giants like abrdn.
Source: https://u.today/xrpl-surpasses-massive-2-billion-milestone-ripple-confirms
