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 verified families 3 AMM-verified · 5 MPT-attested
7 attributed pools
$283.05 directly-attributed AMM liquidity
2h snapshot age

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

Ecosystem context: 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 — roughly half the total. Each JMWH token represents one real megawatt-hour of energy backed by energy companies. We exclude Justoken from the figure above pending TOML / attestation evidence — see the candidates list for the gating criteria. Source: CryptoSlate, 2026-05-03

Verified issuer families

Curation last updated: 2026-05-14

OpenEden

verified

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

4 pools $245.86 liquidity Tokens: BITx, OpenEden, TBILL

Midas (bridged via Axelar)

verified

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

3 pools $37.19 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 tokenization platform, Mastercard, and Ripple — completed the first cross-border, cross-bank redemption of a tokenized US Treasury fund, settled on XRPL in under five seconds. 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) but no evidence of trust-line token issuance on XRPL. Promote pending TOML check. 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. Why pending? →

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

Browse the public snapshot index at /snapshots/.

Total AUM signed in today's snapshot reflects on-chain liquidity only — institutional presence not yet fully captured.