RLUSD Market Cap Climbs Nearly 18% as XRP Ledger Tokenization Expands

Ripple’s dollar-backed stablecoin RLUSD is picking up serious momentum. New data shows its market cap climbed nearly 18% in the last 30 days, reaching about $420 million. That rise places RLUSD among the fastest-growing regulated stablecoins in the market right now.

At the same time, real-world asset (RWA) tokenization on the XRP Ledger (XRPL) is also expanding. The total value of tokenized assets on the network increased by 8.77% over the same period. Now standing at nearly $158 million. Together, these gains reflect a broader shift toward real utility on-chain rather than pure speculation. The XRPL now hosts 47 real-world asset projects. With over 3,600 holders interacting with tokenized assets. That growth highlights rising interest from both developers and institutions.

Stablecoin Adoption and Tokenized Assets Grow Side by Side

Stablecoin usage on XRPL is also climbing fast. Current data shows more than 33,600 stablecoin holders. It’s a massive jump from just a month ago. That surge points to growing confidence in using blockchain for real payments and settlement. RLUSD plays a central role in that shift. As a regulated stablecoin backed by Ripple’s payment infrastructure, it supports faster transfers, lower fees and consistent liquidity. These features make it attractive for merchants, fintech firms, and cross-border payment providers.

Meanwhile, tokenized assets on the XRPL include financial instruments, physical assets and settlement products. Together, these tools transform the network from just a payment rail into a full digital finance layer. Instead of moving only crypto, users now move real value tied directly to off-chain assets. This steady growth shows that tokenization is no longer a theory. It is already live and scaling.

ETF Access Expands as Vanguard Opens the Door

The timing of RLUSD’s growth also matches a major shift in traditional finance. On December 2, Vanguard officially began allowing clients to access crypto ETFs through its brokerage platform. That move marks a major change in stance for one of the world’s largest asset managers. Vanguard clients can now access ETFs tied to Bitcoin, Ethereum, XRP, Solana and other digital assets. However, the firm confirmed it will not issue its own crypto ETFs and will continue to avoid meme coin products.

This policy shift follows the appointment of Vanguard’s CEO, Salim Ramji, who supports blockchain innovation. Under the former leadership, Vanguard held a strict anti-crypto stance. That position has now clearly softened due to client demand. At the same time, 21Shares recently launched its U.S. spot XRP ETF. While Canary Capital and Grayscale continue to expand their crypto ETF offerings. Together, these products make it easier for institutions to gain exposure without holding crypto directly.

XRP Ledger Gains Ground as Regulation Meets Infrastructure

With RLUSD growing, tokenization accelerating and ETF access expanding. The XRP Ledger now sits at a strong crossroads between crypto and traditional finance. Institutions want regulated exposure. Developers want stable infrastructure. XRPL now offers both.

More importantly, this growth happened during a period of broader market volatility. That timing adds extra weight to these numbers. It shows that demand is not driven only by price cycles. It is driven by real use cases. Currently, the data speaks clearly. RLUSD is growing fast. Tokenized assets are gaining traction and mainstream finance is finally opening the gate.