XRP Ledger Inches Closer to Overtaking BNB Chain With $4B RWA Growth as Compliant Lending Takes Off

The XRP Ledger (XRPL) has reached $4 billion in tokenized real-world assets, positioning it to potentially overtake BNB Chain as the fourth-largest blockchain in the sector. This growth trajectory highlights a significant shift in institutional interest, as financial firms increasingly utilize the network for tokenizing bonds, real estate, and private credit. A key driver of this momentum is the partnership between the XRP Ledger Foundation and VS1, which focuses on building an open-source reference application for compliant, permissioned lending. By leveraging native features like Credentials and Permissioned Domains, the initiative provides a secure framework for regulated institutions to manage blockchain-based loans. This development marks a strategic evolution for XRPL, transitioning from a payments-focused network into a robust infrastructure for institutional finance. Furthermore, technical improvements such as the proposal to eliminate front-running are enhancing the network's appeal for professional market participants. As Ethereum continues to lead the market with $16.1 billion in assets, the narrowing gap between XRPL and BNB Chain underscores the intensifying competition among blockchains to capture the growing RWA market.