The nasdaq listed crew with their actively managed xrp treasury just dropped a full report on how the xrpl is diving deep into tokenized finance 💀.
RLUSD Scaling Hits Different With XRP 🪙
Data shows rl usd turning into a bigger dollar settlement player rn but that growth isnt necessarily eating into xrp at all 🖤. Evernorths take explores it from another angle after all the online drama in the xrp army. Around 400 billion in real world assets and nearly 300 billion in dollar stablecoins got tokenized globally yet only 39 billion can actually trade settle or pledge on chain where they live 📈. The real next step is making those assets usable not just recorded. Xrpl has pushed tokenized value from 1.76 billion in february to over 5 billion as of october 20 putting it sixth overall and fourth among public chains 🌑. Issuing accounts for new multi purpose tokens jumped from four in january to 24 in october with a record 98 mpts in one month. In 2024 only 10.5 percent of xrp trading on the native dex involved stablecoins or fiat backed stuff but that hit 50 percent in 2025 and now sits at 86 percent so far in 2026. Plus 92 percent of the 1.65 billion rl usd swapped on xrpl this year traded straight against xrp 🕸️. The dollar isnt draining liquidity from xrp it trades against xrp the report argued.
Wall Street XRP Play Leveling Up 💼
Evernorth started trading on nasdaq under the xrpn ticker on october 12 after merging with armada acquisition corp ii with around 473 million xrp and roughly 300 million in gross cash proceeds 📊. They picked ripple coinbase kraken and bitgo to roll out the treasury through institutional moves instead of just holding passive 🦇. Lately they set up an equity facility with cantor fitzgerald that could pull in about 80 million more with extra xrp buys as one possible use of the funds 🔗.
Just another echo from the void by iconofsin.eth 💖
