VERT Capital

Archax

OpenEden Digital

Ondo

Zeconomy

Private Credit

US Treasury Debt

Private Equity

non-US Government Debt

Treasury Bills Institutional Liquidity Limited

Montis Group Limited

Ondo I

Great Bridge Capital Company

abrdn Liquidity Fund

RLUSD

Braza Crypto

Circle

Schuman Financial

AUDC Pty Ltd

Stablecoins

Standard Custody & Trust Company

Braza Bank

Circle International

Real Estate

The XRP Ledger (XRPL) is a decentralized layer 1 blockchain renowned for its decade-long reliability and stability in tokenizing and exchanging crypto-native and real-world assets. Designed to support businesses and builders, it is powered by XRP, a cryptocurrency purpose-built for payments. Trusted by over 1,000 visionary builders and businesses worldwide, the XRP Ledger offers institutional-grade functionality and built-in features to enable secure, efficient, and scalable financial services and use cases. It's more than just a blockchain – it's a global developer community dedicated to transforming future business solutions. Learn more and build your business with confidence at XRPL.org.

AUDC is the issuer of the AUDD – Australian Digital Dollar, a 1:1 AUD-backed stablecoin. AUDC's technology delivers fast, cost-effective payments for businesses, institutions, and various use cases.

The Dubai Land Department (DLD) is the Dubai Government entity responsible for the registration, organization, and promotion of real-estate investments in Dubai. The department aims to provide an attractive environment for investment by implementing international standards across the real estate sector, particularly in terms of land registration procedures. DLD’s responsibilities also include improving the sector’s monitoring and control functions, overseeing and developing its leasing regulations, and encouraging investment through the establishment of an effective enabling environment. The department’s vision is to position Dubai as the world’s premier real estate destination and as a byword for innovation, trust, and happiness.

Dubai Land Department

USYC lets you earn short-term Fed rate returns. Assets are deployed in reverse repo, with some allocated to T-Bills, to ensure maximum liquidity and minimum duration risk.

Treasury Bills Institutional Liquidity Limited is a registered Professional Fund established under the British Virgin Islands Securities and Investment Business Act 2010 and regulated by the British Virgin Islands Financial Services Commission. It is the issuer of the TBILL token, which is backed by short-duration U.S. Treasury Bills.

Schuman Financial is the leading provider of technologies, infrastructure, and solutions for European stablecoin-based finance. We are bringing European and euro-denominated financial services on-chain. Our core product is EURØP, a euro-denominated stablecoin issued by our French-licensed subsidiary regulated by Banque de France. 

VERT is an all-in-one service provider for the capital markets, offering comprehensive financial solutions for structured operations. From structuring and securitizing a wide range of instruments to fund management and administration—where it consistently ranks among top industry leaders—VERT bridges originators and investors across agribusiness, fintech, real estate, and trade credit sectors.

Exchange Bank Regulated By BACEN (Central Bank of Brazil).

Great Bridge Capital Company, LLC (Great Bridge) is a fully supported, multiseller asset-backed commercial paper (ABCP or CP) program established in June 2014. Great Bridge is structured as a bankruptcy-remote, special-purpose Delaware limited liability company. Its primary purpose is to purchase assets and make loans secured by interests in various financial assets and other eligible securities by issuing CP with maturities of up to 397 days. Guggenheim Treasury Services, LLC (GTS) serves as the program’s manager, The Bank of New York Mellon (BNYM) serves as the program’s Issuing and Paying Agent (IPA).

United States of America

British Virgin Islands

Australia

United Kingdom

Ireland

United Arab Emirates

Brazil

Luxembourg

XRP Ledger

Ondo provides institutional-grade, blockchain-enabled investment products, from government bonds to high-yield bonds.

Mercado Bitcoin is the largest crypto exchange in Brazil and the largest issuer of digital fixed income in Latin America. They set up the first digital investment bank in Brazil.

MB | Mercado Bitcoin

Zeconomy’s mission is to enhance the value, utility, and returns of traditional financial products through blockchain technology. With top-tier security and compliance, its platform, AmpFi.Digital, delivers asset-backed, rated digital assets built on stable instruments like T-bills and commercial paper that can be transformed into new utility, higher returns, and unique opportunities for issuers, DeFi platforms, and corporate investors.

OpenEden Digital ("OED") is a Bermuda Monetary Authority ("BMA") licensed digital asset issuer. OED operates under a Digital Assets Business License issued by the BMA permitting it to issue, sell or redeem virtual coins, tokens or any other form of digital asset. OED is a wholly owned subsidiary of OpenEden Group ("OEG").

Ctrl Alt is the go-to B2B infrastructure provider for alternative assets. We are dedicated to addressing the real-world challenges facing the financial sector today. From empowering asset owners to discover innovative ways to raise capital, to enabling investors to seamlessly allocate to alternative assets, we provide a comprehensive suite of solutions designed for simplicity, cost-efficiency, and innovation.

Ctrl Alt

Archax is an FCA regulated digital asset exchange, broker and custodian, based in London. Founded by capital markets experts, Archax offers the credible bridge between blockchain and traditional finance, supporting a range of assets including cryptocurrencies and regulated tokenised real-world assets. Archax supports the full digital asset lifecycle from token issuance and distribution through to trading and custody.

Circle is a fintech firm central to the emerging internet of money, enabling instant, affordable global transactions. Its infrastructure, including USDC, a dollar stablecoin, supports businesses, institutions, and developers, unlocking new opportunities in payments and commerce.

abrdn Liquidity Fund (Lux) – US Dollar Fund

ACREDIT01 - TRAVESSIA ASSESSORIA FINANCEIRA LTDA.

ACREDIT02 - TRAVESSIA ASSESSORIA FINANCEIRA LTDA.

BLIPAY02 - BLIPAY COMPANHIA SECURITIZADORA S.A.

CARTAO45 - COONEX PRODUTOS E SOLUCOES LTD


CARTAO46 - COONEX PRODUTOS E SOLUCOES LTD


CARTAO47 - COONEX PRODUTOS E SOLUCOES LTD


CARTAO48 - COONEX PRODUTOS E SOLUCOES LTD


CARTAO49 - COONEX PRODUTOS E SOLUCOES LTD


CARTAOSB47 - COONEX PRODUTOS E SOLUCOES LTD


Dubai Marina Mall Hotel (DLD-25-TRE-2601)

Sobha Creek Vistas Reserve (DLD-25-TRE-A903)

Executive Residences Building 1, Hadeeq Sheikh Mohammed Bin Rashid

Sobha Creek Vistas Grande (DLD-25-TRE-S803)

JEITTO32 - JEITTO INSTITUICAO DE PAGAMENTO LTDA

JEITTO33 - JEITTO INSTITUICAO DE PAGAMENTO LTDA

JUDC03 - Instituto Nacional do Seguro Social

JUDC05 - Instituto Nacional do Seguro Social

JUDC06 - Instituto Nacional do Seguro Social

JUDC07 - Instituto Nacional do Seguro Social

JUDCSB03 - Instituto Nacional do Seguro Social

JUDCSB05 - Instituto Nacional do Seguro Social

JUDCSB06 - Instituto Nacional do Seguro Social

JUDCSB07 - Instituto Nacional do Seguro Social

MEDTKN01 - MEDTOKEN PLATAFORMA DE SERVICOS PARA SAUDE LTDA

MLTPLK29 - MULTIPLIKE ADMINISTRACAO E PARTICIPACOES LTDA

AYKON CITY 3 - TOWER A/A4102, Business Bay, Dubai

DAMAC CITY TOWER B/B-1701, Al Wasl, Dubai

The base protocol where the token is deployed

The total outstanding principal amount in dollars.

The total outstanding capital amount in dollars.

The total amount of idle capital in dollars.

The current market value of the asset in dollars.

The total value of daily burns in dollars.

The total dollar volume of daily transfers.

The net asset value of the asset in dollars.

The available financial capacity of the asset in dollars.

The total principal amount paid, in dollars.

The total principal amount written off, in dollars.

The total dollar value of recovered assets.

The cumulative total of principal repaid, in dollars.

The total cumulative interest earned, in dollars.

The maximum financial capacity of the asset in dollars.

The total dollar value of assets that have been drawn down.

The current price of the asset in dollars.

The value of circulating assets in dollars.

The market value of circulating assets in dollars.

The total dollar volume of weekly transfers.

The total dollar volume of monthly transfers.

The dollar volume of transfers in the last 7 days.

The dollar volume of transfers in the last 30 days.

The total supply of tokens currently available.

The current circulating supply of tokens associated with the asset.

The total number of loans funded through the asset.

The current number of active loans associated with the asset

The total number of loans that have defaulted.

The number of active addresses interacting with the asset daily.

The daily count of unique holders of the asset.

The number of active addresses interacting with the asset weekly.

The number of active addresses interacting with the asset monthly.

The number of active addresses interacting with the asset quarterly.

The number of active addresses interacting with the asset annually.

The daily count of transactions involving the asset.

The number of transfers in the last 7 days.

The number of transfers in the last 30 days.

#	Platform	RWA Count	Total Value	30D%	Market Share
1	RLUSD	1	$273.9M	▲31.63%	51.60% ▲
2	Archax	3	$71.0M	▲0.00%	13.37% ▼
3	OpenEden Digital	1	$61.4M	▼32.69%	11.56% ▼
4	Ondo	1	$40.7M	▲0.28%	7.66% ▼
5	Zeconomy	1	$40.0M	▲300.4%	7.54% ▲
6	Braza Crypto	2	$38.3M	▲119.0%	7.21% ▲
7	Circle	1	$5.5M	▼27.91%	1.04% ▼
8	Schuman Financial	1	$48,957.6	▲1.48%	0.01% ▼
9	AUDC Pty Ltd	1	$3,830.5	▲1.44%	0.00% ▼
—	—	—	—	—	—

XRP Ledger

Asset Type

Metric