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Evernorth says XRP Ledger tokenized value passed $5 billion
Evernorth's new study says RLUSD growth has not come at XRP's expense, while tokenized value on the XRP Ledger climbed past $5 billion.
Quick take
- Evernorth argues that growth in RLUSD has not come at XRP's expense on the XRP Ledger.
- Tokenized value on the ledger rose from $1.76 billion to more than $5 billion, the Evernorth document lists.
- The study notes that only about $39 billion of tokenized assets can be directly traded, settled or pledged.
CryptoPotato reported that Evernorth has released a report on tokenization on the XRP Ledger. The Evernorth document argues that growth in RLUSD has not come at the expense of XRP. It says tokenized value on the ledger rose from $1.76 billion to more than $5 billion, and that the network now ranks sixth overall and fourth among public blockchains.
The count of MPT issuing accounts rose from four to 24, and the document says issuance hit a monthly high, with 98 MPTs issued. For trading on the XRP Ledger's decentralized exchange, it puts the stablecoin share at 10.5% in 2024 and 86% so far in 2026. It also says 92% of the $1.65 billion of RLUSD swapped on the ledger traded against XRP.
Across tokenized assets, the document puts roughly $400 billion in real-world assets and about $300 billion in stablecoins, but says only about $39 billion can be directly traded, settled or pledged. Evernorth, which began trading on Nasdaq as XRPN on October 12, holds about 473 million XRP following its Armada merger, according to the document. Cantor Fitzgerald's equity facility could raise about $80 million for the company.
Sources
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