XRP Ledger's Tokenized US Treasuries Surge 8x to $418.5M in One Year

According to Trensik, a platform tracking verified real-world assets on the XRP Ledger (XRPL), tokenized U.S. Treasuries surged from $50 million in April 2025 to $418.5 million by April 2026, marking an 8x increase in one year. The sharp rise reflects growing institutional demand for regulated, blockchain-based financial products.

Activity has accelerated faster than issuance. Over the past four months alone, tokenized Treasuries generated $352.3 million in transfer volume, compared to just $70.1 million throughout all of 2025—a fivefold increase. Archax, an FCA-regulated digital asset exchange and custodian, plans to tokenize up to $1 billion in real-world assets on XRPL by mid-2026, underscoring institutional confidence in the network.