Institutional RWA on XRPL

Real-world assets that exist on XRPL — only the issuers we can cryptographically verify. See methodology for the full curation criteria.

8 attested families 1 two-way verified · 2 labeled AMM · 5 MPT-attested
7 attributed pools
$381.69 directly-attributed AMM liquidity
17m snapshot age

Liquidity is currently nominal — institutional RWA adoption on XRPL is in early phase. This page tracks presence, not size.

Governance context: rippled v3.3.0 (2026-08-06) ships six amendments aimed at institutional MPT-based tokenization — including ConfidentialTransfer and DynamicMPT, which shape the product surface the issuers on this page live on. Live validator status and plain-language descriptions: /amendments.

Attested issuer families

1 family holds our strict two-way TOML attestation; The remainder are curator-labeled with a citation — real on-XRPL activity we can prove, but the operator has not (yet) published an xrp-ledger.toml that pins its issuer address(es) from the canonical domain.

Attribution set last updated: 2026-05-14  — the date the last pool→family attribution was added; not a re-verification date for the listed families

OpenEden

labeled

Tokenized US Treasury Bills via TBILL Vault. Issued natively on XRPL with verified xrpscan-labeled issuer wallet.

Citation https://openeden.com/.well-known/xrp-ledger.toml returned HTTP 404. TBILL + OpenEden issuers not pinned by the operator's canonical domain.  · last checked 2026-09-22

4 pools $188.28 liquidity Tokens: BITx, OpenEden, TBILL

Midas (bridged via Axelar)

labeled

Tokenized assets (mTBILL) bridged to XRPL from native Midas issuance on Ethereum/Base. Bridge issuer wallet labeled "Axelar Bridge" by xrpscan.

Citation https://midas.app/.well-known/xrp-ledger.toml returned HTTP 403 (Cloudflare block). mTBILL issuer address not pinned by the operator's canonical domain.  · last checked 2026-09-22

3 pools $193.41 liquidity Tokens: BITx, XUSD, mTBILL

Ondo Finance

verified

OUSG (Short-Term US Government Treasury Fund) on XRPL. Canonical issuer attested via two-way TOML chain at ondo.finance. In May 2026, Ondo Finance — with JPMorgan's Kinexys, Mastercard, and Ripple — completed the first near real-time cross-border, cross-bank redemption of a tokenized US Treasury fund on XRPL. No standing AMM liquidity yet — institutional presence with proven cross-border settlement flow.

Institutional presence only — canonical issuer attested, no AMM liquidity yet.

Domain-attested MPT issuers

Institutional issuers verified via on-ledger Domain + xrp-ledger.toml two-way chain. Currently MPT-only; no trust-line liquidity presence yet.

What we are not showing yet

Institutions appearing in AMM pool names that we have not confirmed via cryptographic attestation. Listed openly so readers know what is excluded and why. If you operate one of these issuers and can provide TOML domain attestation, contact us.

BlackRock excluded Vanity wallet rBLACK… exists on-ledger, but BlackRock issues no trust-line tokens on XRPL. BUIDL is Ethereum-only via Securitize.
Ripple Treasury (3 variants) excluded Three spellings (Ripple Treasury / XRPLTreasury / XRPTreasury) across unlabeled wallets. No Ripple Labs attestation.
GTreasury excluded Real treasury-management software company at gtreasury.com but no XRPL tokenization announcement. Suspected brand spoof.
Franklin Templeton (sgBENJI) excluded Wallet sets Domain to franklinresources.com but no xrp-ledger.toml exists at that host — vanity-domain spoof. No on-XRPL Franklin Templeton attestation chain published.
Archax pending Archax is a real institutional broker (archax.com). Re-checked 2026-08-08 after CoinDesk cited a $55.4M position via RWA.xyz aggregation — that figure is a third-party estimate and not our measurement. archax.com returns 403 on the .well-known probe (anti-bot wall, not a clean absence) and no Archax-labeled MPT or trust-line issuer wallet appears in our own dataset. Promote pending an accessible xrp-ledger.toml and a verifiable issuer wallet. · pending since 2026-08-08 Why pending? →
Aviva Investors pending Aviva Investors US Dollar Liquidity Fund MPT (064D94DE…F95EA90A, issuer r9o37ZXw…mHmr2) declares 'Aviva Investors Liquidity Funds plc' via on-chain MPT metadata — self-attested one direction. Neither aviva.com nor avivainvestors.com publishes a xrp-ledger.toml that closes the attestation loop back to that wallet. Visible on /mpts as the raw ledger surface; withheld from the verified /rwa tier until Aviva publishes a TOML pinning the issuer address. · pending since 2026-07-15 Why pending? →
Societe Generale (SG-FORGE) pending CoinDesk (2026-08-07) cites RWA.xyz aggregating ~$11.6M of Societe Generale tokenized assets on XRPL — a third-party estimate we cannot restate as our own. Checked sgforge.com, societegenerale.com, and socgen.com: no xrp-ledger.toml at any host. No SG-labeled MPT or trust-line issuer wallet appears in our own dataset. Promote pending an accessible TOML and a verifiable issuer wallet. · pending since 2026-08-07 Why pending? →
Justoken (JMWH) pending Real project with legitimate press coverage (YPF Luz energy partnership, tokenized-energy claims via the JMWH token). However the issuer wallet r976xbKc6om7WYTFwZHByvxnYFi1y5hJXH sets no on-chain Domain field, and Justoken publishes no xrp-ledger.toml at justoken.com. Cannot verify the wallet actually belongs to Justoken — promote to verified once attestation chain lands. · pending since 2026-06-20 Why pending? →

Footnote — ecosystem context (2026-05-03, third-party): Per RWA.xyz's 2026-05-03 snapshot: $3.6B in real-world assets on the XRP Ledger (excluding stablecoins) — split roughly $1B in distributed assets and $2.6B in represented assets across 301 projects. Justoken's JMWH accounts for $1.76B of that. Each JMWH token represents one real megawatt-hour of energy backed by energy companies. We exclude Justoken from the family count above pending TOML / attestation evidence — see the candidates list for the gating criteria. The $3.6B figure is a third-party aggregation dated 2026-05-03 (~4 months old at time of writing) and is NOT one of our own measurements — treat it as directional, not as our snapshot. Source: CryptoSlate, 2026-05-03

Signing key fingerprint. 7F:D4:F2:F4:D2:57:7C:BE

Browse the public snapshot index at /snapshots/.

The field named rwa_total_aum_usd in the signed snapshot is a legacy name kept for chain continuity. Its value is the sum of AMM pool TVL for XRP-paired pools attributed to verified RWA families — NOT asset AUM. Ondo OUSG (1.64M outstanding on our node as of 2026-09-21) contributes $0 because it has no attributed AMM pool; the same is true for MPT-attested issuers with no liquidity pool. A true on-ledger AUM figure (issuer supply × cited NAV) is on the roadmap and will surface as rwa_onledger_supply_usd once each family has a cited primary-source NAV feed.