Stellar Has 9 Times More Tokenized Assets Than XRP but XRP Is Worth 11 Times More
Infrastructure
Stellar and XRP represent two distinct approaches to blockchain-based financial infrastructure, with Stellar currently leading in the volume of on-chain tokenized assets. While XRP maintains a significantly higher market capitalization of approximately $66 billion compared to Stellar's $6 billion, Stellar hosts roughly $3 billion in tokenized U.S. Treasuries and money market funds, outperforming the XRP Ledger's $330 million in active on-chain value. Stellar’s growth is bolstered by institutional partnerships, most notably a collaboration with the DTCC to bring securities like Russell 1000 stocks and ETFs onto its public blockchain by 2027. Conversely, XRP dominates in stablecoin volume and maintains a stronger direct link between network usage and token demand through its cross-border payment rails. Despite Stellar's success in attracting major asset managers like Franklin Templeton and WisdomTree, the network currently generates minimal fee revenue from these tokenized assets. XRP benefits from regulatory tailwinds, including potential passage of the CLARITY Act and the success of its spot ETFs, which provide institutional on-ramps that Stellar currently lacks. Ultimately, the market faces a divergence where Stellar leads in asset tokenization volume, while XRP maintains superior market valuation and utility-driven token demand.
Key points
- ▸Stellar holds $3 billion in tokenized assets, nine times more than the XRP Ledger.
- ▸The DTCC is testing the issuance of securities on the Stellar network through 2026.
- ▸XRP leads in stablecoin volume with nearly $1 billion, triple that of Stellar.
- ▸Stellar's tokenized assets represent 50% of its market cap, versus 0.5% for XRP.
Background
Stellar is a decentralized blockchain network designed for fast, low-cost cross-border payments and asset tokenization, featuring built-in compliance tools like asset freezing. The XRP Ledger is a high-speed blockchain developed by Ripple, primarily focused on facilitating institutional cross-border liquidity and settlement through its native XRP token. Both networks aim to replace traditional banking rails by enabling the issuance and transfer of real-world assets on-chain.
Relevance
8.5/10
#Stellar#XRP#DTCC#Tokenization#RWA