XRP Ledger Rockets to Record High $131.6M RWA Market Cap — SEC Receives Tidal Trust II XRP ETF

XRP Ledger Hits Record $131.6M RWA Market Cap The XRP Ledger (XRPL) continues to demonstrate its growing influence in the world of tokenized ￰0￱ to Messari’s State of XRP Ledger Q2 2025 Report , the XRPL closed the second quarter with an all-time high Real-World Asset (RWA) market capitalization of $131.6 ￰1￱ milestone comes on the heels of a series of high-profile RWA issuances, which were first announced at the XRPL Apex event held in Singapore in June ￰2￱ the report, “In March, real-world asset analytics platform ￰3￱ integrated the XRPL, allowing users to see key metrics regarding RWAs issued on the ￰4￱ date, 13 RWAs have been integrated onto ￰5￱ on the XRPL, though more integrations are planned.” The latest wave of tokenized assets highlights the XRPL’s expanding use cases beyond traditional cryptocurrency ￰6￱ the notable issuances, Ondo’s OUSG tokenized treasury fund has emerged as a significant player, offering investors blockchain-based exposure to diversified treasury ￰7￱ fund aims to combine the transparency and efficiency of the XRPL with the stability of ￰8￱ securities, catering to both institutional and retail ￰9￱ investment giant Guggenheim also made waves by issuing digital commercial paper on XRPL, tokenizing short-term debt to harness its speed, low fees, and instant settlement, signaling rising institutional confidence in XRPL for complex financial ￰10￱ the ither hand, Ctrl Alt expanded the XRPL’s RWA ecosystem by introducing tokenized real estate, allowing investors to gain fractional ownership in high-value ￰11￱ innovation brings liquidity, accessibility, and transparency to a traditionally illiquid market, bridging tangible assets with blockchain and broadening XRPL’s appeal to investors seeking security and growth.

Therefore, the surge in RWA market cap highlights XRPL’s growing dominance in real-world asset ￰12￱ see the ledger emerging as a key bridge between traditional finance and decentralized technology, with new asset launches and rising adoption positioning it as a pivotal force in the next wave of financial ￰13￱ Street Gears Up for XRP: SEC Accepts Filing for Defiance Leveraged Long & Income XRP ETF In a significant development for the cryptocurrency market, the ￰14￱ and Exchange Commission (SEC) has officially accepted the filing for the Defiance Leveraged Long + Income XRP ETF by Tidal Trust ￰15￱ move marks a pivotal moment in the integration of digital assets into traditional financial markets.

A Bold Step into Crypto ETFs The proposed ETF aims to provide investors with 150% to 200% leveraged exposure to daily XRP price movements, utilizing an options-based income ￰16￱ approach combines aggressive growth potential with mechanisms designed to generate consistent income, such as credit call spreads, to enhance returns while mitigating some of the risks associated with leveraged ￰17￱ traditional crypto ETFs tied to spot or futures markets, this fund adopts a cross-ETP strategy by investing in existing XRP exchange-traded products (ETPs) listed ￰18￱ approach enhances liquidity, diversifies exposure, and creates a bridge between ￰19￱ international markets, potentially redefining institutional and retail access to XRP.

Therefore, the SEC's acceptance of Tidal Trust II’s XRP ETF filing comes at a time when regulatory attitudes toward cryptocurrencies are showing signs of softening, fueling fresh optimism for XRP's ￰20￱ development could pave the way for broader institutional adoption of XRP, attracting investors who were previously hesitant due to regulatory ￰21￱ The SEC’s acceptance of the Defiance Leveraged Long & Income XRP ETF filing signals more than just another financial product entering the market, it reflects a turning point in how Wall Street views XRP and digital assets at ￰22￱ blending leveraged exposure with income-generating strategies, the ETF offers both institutional and retail investors a new gateway into one of crypto’s most closely watched assets.

Conversely, the record $131.6M RWA market cap marks XRPL’s evolution from a payments network to a full financial ￰23￱ tokenized treasuries, commercial paper, and real estate live, XRPL is proving its capacity to host diverse, institution-grade assets, delivering the speed, low cost, and scalability traditional markets lack.