The XRP Ledger (XRPL) has experienced a significant surge in the third quarter, with tokenized real-world assets (RWA) on the network soaring 215.3% compared to the previous quarter, reaching $364.2 million according to Messari’s latest report. This growth is driven by increasing institutional adoption and technological advancements making XRPL a robust platform for asset tokenization and decentralized finance (DeFi). The report highlights the rise of XRP’s price, which rose 27.2% during the quarter, along with an increase in average daily transactions of 8.9%, indicating heightened on-chain activity. Messari’s data reveals that this surge is fueled by XRPL’s implementation of institutional-grade features, streamlining compliance and interoperability for financial institutions. This upgrade enables banks, fintech firms, and asset managers to issue and settle real-world assets directly on-chain with regulatory assurance.