According to Evernorth’s Tokenization Report 2026, published on October 27, 2026, tokenized real-world assets across blockchain networks reached approximately $400 billion. However, only $39 billion was actually used for on-chain trading, settlement or collateral, less than one-tenth of the total. On the XRP Ledger, tokenized value rose from $1.76 billion in February 2026 to roughly $5.05 billion by October 20, with 90% of the amount represented by regulated investment products. The expansion of permissioned domains, clawback rights and trading pairs linking XRP with stablecoins or fiat-backed tokens indicates that the network is increasingly targeting institutions. Evernorth, which held about 473 million XRP and maintained partnerships with Ripple, Kraken, Coinbase and BitGo, therefore has a direct interest in the XRP Ledger’s growth.
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