The $XRP Ledger alone accounts for more than 67% of the total global tokenized real-world assets value from Justoken, valued at over $2.6 billion.
Justoken’s decision to place the full value of its Justoken Megawatt-Hour (JMWH) commodity product on the $XRP Ledger has largely contributed to this growth. JMWH, which represents tokenized energy assets, currently delivers nearly $1.8 billion in represented value.
Key Points
- The $XRP Ledger accounts for over 67% of the global tokenized RWA value from Justoken.
- Justoken has tokenized $2.63 billion in global asset value through its commodity-focused products.
- JMWH, an energy product issued exclusively on the XRPL, holds the largest share of represented value at $1.76 billion.
- Justoken deployed its other tokenized products, worth $862 million, on the Polygon network.
- With $2.5 billion in tokenized RWA, the XRPL has become the world’s third-largest network for represented RWA value.
$XRP Accounts for 67% of Justoken’s Global RWA Value
Data from RWA.xyz, the leading analytics platform for the RWA tokenization industry, confirms $XRP’s unique position.
For context, Justoken, a global blockchain infrastructure platform focused on tokenization, has issued about $2.63 billion in real-world assets through its commodity-based products. The platform controls 90.32% of the total represented value of tokenized commodities worldwide across all blockchain networks.
Notably, 67.14% of Justoken’s $2.63 billion in deployed value operates within the $XRP ecosystem. Justoken achieved this by exclusively launching its largest product, JMWH, on the $XRP Ledger. This product now boasts $1.763 billion worth of tokenized energy after recently increasing by nearly $900 million.
Polygon Hosts the Rest
Initially, Justoken distributed its products across two primary networks, the $XRP Ledger and Polygon, in nearly equal measure. While JMWH transitioned exclusively to the $XRP Ledger, Polygon continued to host Justoken’s remaining products, including JSOY_OIL, JSOY, JCOT, JCORN, and CREDITSB. All these products, besides CREDITSB, represent tokenized commodities.
Polygon initially hosted roughly 49% of Justoken’s total deployed real-world asset value, with $863 million in represented assets, while the $XRP Ledger held a slight lead at 51%. However, after JMWH’s sharp rise in value, the $XRP Ledger expanded its share by 33% to 67%, while Polygon’s share fell by 33.6% to 32.86% as of press time.
XRPL Now Third-Largest Network in Represented RWA
The XRPL now supports $3.1 billion worth of total RWA, excluding stablecoins. With stablecoins, this value rises to $3.58 billion. Of this figure, the network hosts $2.54 billion worth of represented RWA value, including its commodity-based products from Ctrl Alt and the tokenized credit from VERT Capital.
Globally, the $XRP Ledger currently ranks as the third-largest blockchain network by represented real-world asset value, trailing only Canton and Provenance. It surpasses heavyweights such as Polygon, Solana, and Ethereum, recording a 66% increase over the past month, the strongest growth among the top 10 networks.
