XRP Ledger Holds 63% of Tokenised US Treasury Supply

TheNewsCryptoPublished on 2026-02-17Last updated on 2026-02-17

Abstract

The XRP Ledger (XRPL) currently holds 63% of the total tokenized US Treasury supply, with an issuance volume of 54.41 million, surpassing networks like Ethereum. Despite this dominance in issuance, transfer activity on XRPL remains minimal, with monthly TBILL transfers amounting to only $200—just 0.003% of the activity seen on other major blockchains. This highlights a significant imbalance between issuance and usage. Recent developments, including collaborations with Aviva Investors and OpenEden, aim to boost real-world asset tokenization on XRPL. The coming months are seen as critical for assessing XRPL's performance in the tokenized treasury market.

The XRP Ledger now shelters two-thirds of overall tokenised US Treasury bills. As per the recent reports, the XRP-associated blockchain platform owns around 63% of the overall treasury token supply.

The data unveils that the XRPL is heading the tokenised US Treasury bills, holding around 63% of the overall supply. This milestone is significant to note, as XRP Ledger’s treasury token issuance volume has attained 54.41 million, crossing prominent networks such as Ethereum.

Regardless of this issuance dominance, the transfer activity on the XRP Ledger is minimal when contrasted with different blockchain giants. The monthly TBILL transfer volume on XRPL attains just $200 as per the reports, at the time when Ethereum and other chains run millions of transactions.

This shows that just a marginal 0.003% activity occurs on the XRP Ledger. This imbalance highlights a prominent challenge facing XRPL. However, the platform controls the overall TBILL issuance; the treasury tokens on XRPL are hardly used.

However, some blockchains are being used as main issuance platforms; others, however, serve as the main channel for trading. It is noteworthy that this comes closely following Binance’s listing of XRPL’s RLUSD stablecoin. As per the reports, the crypto exchange publicised the listing on February 12.

What Does The Latest Report Say?

It is noteworthy that two prominent developments underscore the growth of XRPL’s tokenised treasuries. These advancements comprise Aviva Investors’ large-scale fund tokenisation and OpenEden’s TBILL token.

As per the latest report, Aviva investors collaborated with Ripple to explore tokenisation funds on XRPL. Doppler Finance publicised a collaboration with OpenEden to open up more yield opportunities for XRP and rLUSD holders on the XRP Ledger.

By amalgamating OpenEden’s tokenised real-world asset infrastructure into Doppler’s yield protocol, the platform has prominently impacted the growth of tokenised treasuries on the chain.

As per the industry experts, the upcoming one to three months are crucial to look after, as these months will indicate how XRPL performs in the tokenised treasury market.

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TagsTokenizexrpXRP Ledger

Related Questions

QWhat percentage of the overall tokenised US Treasury supply does the XRP Ledger hold?

AThe XRP Ledger holds 63% of the overall tokenised US Treasury supply.

QHow does the monthly transfer volume of TBILL on XRPL compare to other blockchains like Ethereum?

AThe monthly TBILL transfer volume on XRPL is minimal, reaching only about $200, while blockchains like Ethereum process millions of dollars in transactions.

QWhat two recent developments are highlighted as key to the growth of XRPL's tokenised treasuries?

AThe two key developments are Aviva Investors' large-scale fund tokenisation in collaboration with Ripple, and OpenEden's TBILL token in collaboration with Doppler Finance.

QWhat recent listing by Binance is mentioned in relation to the XRP Ledger?

ABinance recently listed XRPL's RLUSD stablecoin, with the announcement made on February 12.

QWhat does the minimal transfer activity on XRPL indicate despite its high issuance volume?

AThe minimal transfer activity, which is only about 0.003%, indicates that while XRPL controls most of the TBILL issuance, the treasury tokens on its platform are hardly being used for transactions.

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