Back

Tokenized U.S. Treasuries on XRP Ledger Rise to $418 Million, Evernorth Says

According to Evernorth, tokenized U.S. Treasuries on the XRP Ledger (blockchain for XRP-based assets) increased eightfold year over year from $50 million to $418 million.

XRP
RLUSD

Fact Check
The claim is supported by multiple independent-looking reports that all give the same specific figures: about $50 million a year ago and about $418 million currently. The clearest retrieved citation is the CoinDesk X post, which explicitly says the figures are 'per @evernorthxrp.' Additional corroboration comes from The Crypto Basic, crypto.news reposting, AInvest, and CoinGape, all repeating the same Evernorth-attributed numbers. However, confidence is limited because the actual Evernorth primary post or report was not directly retrieved from an official Evernorth source in this run, so the evidence chain stops one step short of the claimed origin.
    Reference: 1
Summary

Evernorth says tokenized U.S. Treasuries on the XRP Ledger (blockchain for XRP-based assets) grew 8x year over year, rising from $50 million to $418 million. The shared chart also indicates that Justoken leads the XRP Ledger table with $1.8 billion in total value. The post adds that Ripple’s RLUSD (U.S. dollar-pegged stablecoin) ranks behind Justoken, although the provided text does not include RLUSD’s exact figure. Tokenized U.S. Treasuries are blockchain-based representations of government debt, a segment often watched as a bridge between traditional finance and digital asset infrastructure.

Terms & Concepts
  • Tokenized U.S. Treasuries: Blockchain-based representations of U.S. government debt instruments, designed to be transferred and managed on distributed ledger networks.
  • XRP Ledger: A blockchain network associated with XRP that supports payments, token issuance, and other digital asset activity.
  • RLUSD: Ripple’s U.S. dollar-pegged stablecoin, a crypto token designed to maintain a stable value relative to the dollar.