Live tracking of tokenized treasuries, stablecoins, and institutional financial primitives on XRPL. Issuer obligations are queried directly from our private rippled node and verified against XRPScan.
Confidently-priced issuers (sum of obligations × unit USD)
6 verified, 5 with on-ledger issuance
Sampled from recent ledger activity (lower bound)
Aggregate trustline counts (coming in v2)
On-ledger obligations from XRPScan-verified issuers, sorted by tokenized value.
Ripple-issued USD-pegged stablecoin
rMxCKbEDwqr76QuheSUMdEGf4B9xJ8m5De
Tokenized US Treasury (BlackRock BUIDL backed)
rHuiXXjHLpMP8ZE9sSQU5aADQVWDwv6h5p
Bank-issued USD stablecoin
rB3y9EPnq1ZrZP3aXgfyfdXQThzdXMrLMc
Brazilian Real stablecoin
rH5CJsqvNqZGxrMyGaqLEoMWRYcVTAPZMt
Tokenized US T-Bill (BVI-regulated)
rJNE2NNz83GJYtWVLwMvchDWEon3huWnFn
FCA-regulated tokenized money market fund
rKCu4CucpepQ6N89c8T5GuX2jkxzCST18Q
Data source: gateway_balances on validated ledger via private rippled (HTTP RPC). Issuer addresses verified on XRPScan.
Live activity across tracked issuers, sourced from account_tx.
The XRPL RWA stack today: a regulated stablecoin (RLUSD), tokenized US Treasuries (Ondo OUSG, OpenEden TBL), an FCA-regulated money-market fund (Archax × abrdn), and bank-issued stablecoins (Braza USDB, BBRL). All settled on XRPL with sub-second finality and < $0.001 transaction fees.
A real-world asset is a financial instrument — like a US Treasury bill, money market fund share, or bank-issued stablecoin — represented as a token on the XRP Ledger. Issuers anchor the on-chain token to off-chain collateral and post obligations directly to XRPL, where they can be transferred, escrowed, or used as DEX liquidity in seconds for fractions of a cent.
Issuer addresses are XRPScan-verified and hardcoded in our registry. Outstanding-issuance figures come from the standard `gateway_balances` rippled command on the latest validated ledger. We query a private rippled node first; if that fails, we fall back to the public XRPL RPC. Recent transfers come from `account_tx`. Aggregates are cached in Redis for 15 minutes.
OpenEden's TBL is denominated in fractional units, so the raw outstanding-token figure (~9.93B) does not correspond to a $1-per-token USD valuation. We display the on-ledger token count and avoid publishing a misleading USD figure. For canonical TVL, refer to OpenEden's reporting or RWA.xyz.
The Archax issuer (rKCu4CucpepQ6N89c8T5GuX2jkxzCST18Q) is XRPScan-verified, but at the moment of the last fetch there are no obligations on the validated ledger. We surface verified issuers regardless of activity so the registry stays auditable and complete.
For each issuer we apply a documented unit-USD assumption: RLUSD and USDB are 1:1 USD; OUSG is denominated at $100 per share (Ondo standard); BBRL is approximated at $0.20 per token (BRL reference). The headline "Tokenized Treasury Value" is the sum of confidently-priced issuers only, so it understates total RWA TVL on XRPL.
XRPL's RWA stack is moving from POC to production: a Ripple stablecoin, BlackRock-backed treasuries via Ondo, FCA-regulated MMFs via Archax, and bank-issued stablecoins from Braza. This is the institutional rail that XRPL was always designed for. Tracking it transparently is the first step in making the data investable.