Ripple reports institutional RWA tokenization on the XRP Ledger has moved from pilot programs to live production, with money market funds and liquidity funds now operational in 24/7 onchain capital markets.
RWA & Tokenization ·
Real-world asset tokenization has reached live production status on the XRP Ledger, with institutional participants now moving beyond pilot phases into operational deployments. Money market funds and liquidity funds are among the tokenized assets currently active in around-the-clock onchain capital markets, according to statements from Ripple's President. This transition marks a shift from earlier proof-of-concept stages to functional use of these instruments rather than mere issuance.
The infrastructure shift reflects a broader institutional movement toward continuous onchain settlement and capital deployment. Ripple frames its role as providing end-to-end digital asset infrastructure that enables market participants to manage the complete lifecycle of tokenized assets on the ledger, from creation through active trading and settlement.
Key open questions remain about the scale of this activity, the number of institutions involved, and whether additional asset classes beyond money market and liquidity funds are currently live on the network. The timeline references activity over the past year but does not specify when specific deployments went live or provide concrete metrics on transaction volumes or total assets under tokenization.