Justoken Fund Captured 89% of the Tokenized Goods Market on XRP Ledger

According to data from RWA Foundation citing Token Terminal, XRP Ledger (XRPL) maintains its leadership in the tokenized goods market. Since the beginning of 2026, the net inflow of funds into this blockchain has amounted to $2.2 billion. The closest competitor is Ethereum with $1.6 billion, and Avalanche ranks third, attracting $335.2 million. BNB Chain, Solana, and Coinbase collectively accounted for less than $100 million of the total annual inflow of $4.2 billion.

According to RWA xyz, 89% of the tokenized goods market on XRPL is attributed to a single major asset – JMWH from Justoken. Factors attracting institutional participants to the network include settlement speeds of 3–5 seconds and the recently implemented multi-functional token standard.

The main growth factor is the JMWH fund from the Justoken platform, valued at $2.23 billion. It represents tokenized contracts for electricity production in Latin America, structured under Argentine and British law. Currently, the on-chain fund has 172 holders.

Other tokenized goods on XRPL are predominantly represented by diamonds from Ctrl Alt. The largest position in this category is valued at $105 million. The JMWH asset is also the largest RWA in the XRP ecosystem: for comparison, the volume of the Ripple USD stablecoin (RLUSD) is $896 million, and tokenized bonds from Ondo Finance amount to $185 million.

Without JMWH, XRP Ledger would only rank fifth in the segment's rating. Thus, the network's leadership in the tokenized goods market is largely due to a single major project, Justoken.