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Chainalysis is extending its support for the XRP Ledger and the new coverage goes beyond the native token. Customers now get more ways to follow token activity and check transactions. With Chainalysis adding this extended support, users now have stronger ways to interact with one of the most active blockchains in the market.

Chainalysis Expands Coverage For XRP Ledger

In its announcement, Chainalysis explained that automatic token support now includes fungible tokens such as IOUs, non-fungible tokens under the XLS-20 standard, and multi-purpose tokens, also known as MPTs. MPTs operate like Ethereum’s well-known ERC-1155 tokens. The update means many different kinds of assets on the XRP Ledger are now covered.

The company also shared that more than 260,000 tokens are already supported. As developers create more tokens on the blockchain, the total number increases daily, showing the steady activity and expansion of the XRP Ledger.

Chainalysis added that customers can now use its KYT (Know Your Transaction) service to monitor these tokens. KYT gives real-time alerts, continuous tracking, and compliance checks. Chainalysis KYT now keeps a close eye on a wide range of XRP Ledger assets, making activity on the network easier to monitor and safer to engage with.

Stronger Tools For Compliance And Investigations

Chainalysis also highlights that its expansion links directly to the company’s main investigative products. The extended coverage is now available through Reactor, the platform designed for in-depth transaction reviews and its entity screening services. 

Customers can now use the Chainalysis Reactor tool and entity screening products with XRPL tokens. They can visualize transactions in detail and act quickly if they notice risks. Customers can now track token flows, see how money moves, and identify signs of suspicious activity. 

Chainalysis noted that the XRP Ledger is well-known for facilitating fast and low-cost cross-border transactions, making it one of the most trusted blockchains today. The network has handled more than 3.3 billion transactions across over 90 million blocks. 

Its native token remains among the top digital assets by market value and is supported by a large global community. The Ledger itself continues to show strong performance. Nearly 200 validators worldwide support it, which are independent nodes that confirm transactions, with Ripple named as a key contributor. 

The Chainalysis update will make oversight on the XRP Ledger easier at a time when the number of tokens is skyrocketing. Customers can now use its Reactor tool to check XRPL tokens, follow how funds move, and help keep the network secure.

With the latest support from Chainalysis, the ledger becomes even more transparent, and customers now have safer and stronger ways to follow the growing number of tokens that developers are adding to the blockchain. 

Featured image from DALL.E, chart from TradingView.com

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Chinese fintech company Linklogis has announced a partnership with the XRP Ledger (XRPL) to digitize global supply chain finance, according to a recent statement.

The move will see Linklogis deploy its trade finance application on XRPL’s mainnet, a step aimed at scaling blockchain adoption for cross-border settlements.

The collaboration is designed to unlock faster circulation of digital assets tied to international trade flows. Linklogis intends to simplify settlement for exporters, importers, and financiers by linking its financial infrastructure with XRPL.

Beyond the initial rollout, both sides have committed to developing new products on XRPL.

These include stablecoin-based settlement systems and smart contract platforms that can bring supply chain real-world assets (RWAs) into tokenized form.

Linklogis also signaled that it will explore using artificial intelligence with blockchain to improve trade finance efficiency.

According to the firm, its “Go Early” and “Go Deep” business programs processed more than RMB 20.7 billion (about $2.8 billion) in cross-border assets last year. By anchoring those flows to XRPL, Linklogis aims to extend efficiency and transparency across global supply chains.

XRPL’s expanding RWA footprint

The integration comes as XRPL accelerates its adoption across RWA sectors.

Data from RWA.xyz shows the network’s tokenized RWA volume climbed 22.81% in the past month, reaching roughly $305.8 million. That growth has positioned XRPL as the ninth-largest blockchain by RWA value, supported by its expanding roster of enterprise partners.

Notably, XRPL’s recent global partnerships highlight its growing relevance in tokenization.

The Dubai Land Department adopted the ledger to power its real estate tokenization program earlier this year in May. A month later, RWA platform Ondo Finance launched tokenized US Treasuries on the network.

Momentum has also spread to Latin America. Brazilian securitization firm VERT issued a 700 million real ($130 million) Agribusiness Receivables Certificate on XRPL through a blockchain-based private credit platform.

Around the same time, exchange Mercado Bitcoin disclosed plans to tokenize more than $200 million in fixed-income and equity products on the ledger.

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A few weeks ago, Ripple CTO David Schwartz revealed plans to launch a hub that will be used to understand XRP network behavior and performance based on data gathered from it.

Now that the hub is in operation, Schwartz observed his first “bit of weird data” from the hub as reported yesterday by U.Today. The Ripple CTO revealed corrective measures for the anomaly, which have achieved results.

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According to the Ripple CTO, the past 24 hours of the hub’s performance looked solid, although a tiny glitch was recorded at 12:58 a.m., which might be due to the monitoring system.

At the time of Schwartz’s X post, the hub was handling 11,000 requests per second from 173 peers with a response time of about 0.006 seconds from the average request coming in to the reply going out.

Schwartz shared an image alongside his post that illustrated this. The X post caught the attention of the XRP community with XRP enthusiast WrathofKahneman inquiring about what the “abuse” category in the  “disconnections” side of the image meant.

Schwartz stated that this referred to servers that had been disconnected from the hub due to the belief that they were placing excessive load on it. He suspects that 100% of these are false positives due to some defects in the XRPL code, and that working on this is one of the reasons he chose to run the hub.

Exciting network possibility for XRPL

Schwartz revisited one of his concepts for XRP Ledger, which he designed eight years ago: the peer link policing system aimed to protect users against malicious peers. While the design, cryptography and rules of XRPL effectively safeguard against malicious peers misleading users, it could impose load on them.

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To handle this, a peer receives “charge” for messages it sends, and “credits” are also given over time. If a peer’s “charges” exceed their “credits,” they risk being disconnected.

Schwartz stated that the schedule of fees and credits he picked almost a decade ago worked, but because the network has grown much since then and the hardware has changed, he may need to revisit it.

Going forward, Schwartz noted he wants to further understand how well the charge/credit scheme is working on the live network and, if needed, make some adjustments to it. One possibility is to take latency into account, granting peers with low latency a higher credit limit, given that an attacker cannot forge low latency.

Ripple chief technology officer (CTO) David “JoelKatz” Schwartz used a late-Wednesday post on X to frame a surge of payments and stablecoin companies launching their own base-layer networks as validation of blockchain’s role in finance—and to restate how the XRP Ledger’s design differs from the new entrants.

“We’ve been seeing more and more players in the payments and stablecoins space launch their own blockchains. To me, that’s a clear sign the market sees blockchain as core financial infrastructure — something we’ve believed in and have been building toward on the XRP Ledger for over 13 years,” he wrote, adding, “Launching a blockchain is hard. Building an ecosystem with developers, liquidity, trust, and real-world usage is even harder.”

Competition For Ripple And The XRP Ledger?

Schwartz situated XRPL’s posture in the long-running debate over network governance. “Some blockchains are built with permissioned validator sets controlled by one entity or a small group. This can provide control and compliance for specific, closed-network scenarios, but it limits reach, resilience, and the ability for anyone to contribute to securing and growing the network,” he wrote.

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“As many of you know, the XRPL is public and permissionless at its core, with optional permissioned features for regulated use cases.” He argued that the ledger’s open base “makes it adaptable, interoperable, and well-positioned to serve as critical infrastructure for the world’s financial system — connecting assets, markets, and participants seamlessly across borders.”

The remarks arrive as two US fintech heavyweights move into L1 territory. Circle this week unveiled Arc, an EVM-compatible Layer-1 it says is “purpose-built for stablecoin finance,” with dollar-denominated fees (USDC as native gas), opt-in privacy, a built-in RFQ-style FX engine, and “deterministic sub-second settlement finality” via the Malachite consensus engine. Circle says Arc will enter private testnet in the coming weeks, target public testnet in the fall, and a mainnet beta in 2026.

Separately, Stripe is developing Tempo, a high-performance, payments-focused L1 being built in partnership with crypto VC firm Paradigm. Tempo is designed to run code compatible with Ethereum, is currently in stealth with a small team, and it remains unclear whether it will have a native token.

Schwartz also highlighted specific XRPL design choices he sees as aligned with financial-grade settlement. “It’s encouraging to see some newer chains adopt design choices that have long been part of the XRPL’s architecture, like deterministic finality … It shows there’s growing alignment in the industry on the importance of predictable, reliable settlement for financial applications without expensive validation,” he wrote.

He reiterated that XRPL fees are meant to stay “low and predictable, just fractions of a cent, without a separate gas token,” noting that “every transaction on the XRPL uses/burns XRP.” XRPL’s technical documentation specifies that each transaction destroys a small amount of XRP as an anti-spam fee, and describes consensus rules aimed at deterministic ordering and finality.

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Where Schwartz drew a line was on governance flexibility. He acknowledged that permissioned validator sets can make sense for “specific, closed-network scenarios,” but underscored XRPL’s approach: a public, permissionless core with opt-in controls for compliance needs.

The ledger’s native features include Authorized Trust Lines, Deposit Authorization/Preauthorization, and issuer-level freeze tooling for issued assets—not for XRP itself—allowing regulated token issuers to gate or police flows without converting the entire network into a walled garden. XRPL’s own FAQ emphasizes that it is a decentralized, public blockchain where changes require supermajority validator approval.

The strategic contrast with the new fintech chains is already visible. Arc explicitly centers USDC—making fees dollar-denominated and embedding Circle’s payments stack—whereas XRPL retains XRP for fees and settlement while supporting issued assets through trust-line mechanics. If Tempo proceeds as reported, Stripe would be pursuing an Ethereum-compatible L1 optimized for predictable payments performance, potentially mirroring Arc’s enterprise-centric pitch but with a broader merchant-services integration surface.

Schwartz closed on a deliberately expansive note about the competitive set: “Looking forward to the next phase of XRPL innovations, bringing more programmability, compliance-grade capabilities, and deeper liquidity for institutional use,” he wrote—before welcoming rivals: “And to those just getting started… Welcome to the party! The crypto tent is only getting bigger.”

At press time, XRP traded at $3.23.

Featured image created with DALL.E, chart from TradingView.com

Crypto Journalist

Amin Ayan

Crypto Journalist

Amin Ayan

About Author

Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has…

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July 6, 2025

Mercado Bitcoin, one of Latin America’s largest crypto exchanges, announced plans to tokenize $200 million worth of real-world assets (RWAs) on the XRP Ledger.

The move will bring tokenized fixed-income and equity instruments onto XRPL, as the exchange looks to tap into the growing market for digital versions of traditional assets, according to a statement released by Ripple on Friday.

“Mercado Bitcoin’s integration with the XRPL shows how public blockchain infrastructure is being trusted by institutions and is becoming a reliable foundation for bringing regulated financial products to the market,” said Silvio Pegado, Managing Director, LATAM at Ripple.

Push for Tokenization Rules Gains Steam in US Market

Ripple’s announcement follows a Boston Consulting Group report forecasting the tokenized RWA sector to reach a market capitalization of $19 trillion by 2033, underscoring surging interest from both crypto-native and traditional financial players.

The deal highlights momentum across the industry as asset managers and blockchain firms ramp up efforts to secure regulatory frameworks for tokenized assets, especially in the United States.

Earlier this week, Ondo Finance, a decentralized finance protocol, acquired Oasis Pro, a regulated trading platform specializing in digital securities settlements, to deepen its footprint in the RWA market.

Meanwhile, Centrifuge, another blockchain firm focused on real-world assets, unveiled plans to tokenize the S&P 500 index, offering decentralized access to a basket of America’s top publicly listed companies.

The rush into tokenized RWAs has also attracted attention from the biggest names in finance.

In January, BlackRock CEO Larry Fink publicly called on the U.S. Securities and Exchange Commission to approve tokenization of stocks and bonds, arguing it could improve market efficiency.

Last week, SEC Chairman Paul Atkins told CNBC that the “rules have not been clear” when it comes to regulating digital assets in the United States and hinted at the “imminent” boom in tokenization as a whole.

Atkins claimed that tokenization is “the next step” in order to have “much more efficiency” across markets.

Ripple Drops Cross-Appeal Against SEC to Resolve Case

Last month, Ripple CEO Brad Garlinghouse revealed the company will withdraw its cross-appeal against the SEC, adding that the regulator is also expected to drop its own appeal.

The announcement followed a U.S. district court decision rejecting a joint request from Ripple and the SEC to reduce Ripple’s $125 million civil penalty and overturn the ruling that classified Ripple’s institutional XRP sales as securities transactions.

In her ruling, Judge Analisa Torres noted Ripple’s readiness to “push the boundaries” of the earlier summary judgment, suggesting a risk of future violations.

Ripple’s chief legal officer, Stuart Alderoty, said the firm faced a choice between dropping the appeal or continuing to contest the finding.

He emphasized that regardless of the decision, “XRP’s legal status as not a security remains unchanged,” and assured that Ripple’s business operations would continue as usual.

XRP Ledger posted the second-largest 30-day increase in tokenized real-world assets (RWA), adding 34.6% to reach $157.4 million, data from rwa.xyz shows. 

Only Aptos outpaced that monthly growth, expanding nearly 57% to $539.3 million, while Ethereum maintained the lead by total value at $7.55 billion, with a 2.4% gain.

Notably, the XRP Ledger is the 10th-largest blockchain by total tokenized RWA value, but it displays the third-smallest number of projects, with six initiatives.

However, this number is set to rise following a recent partnership between Ripple and Brazilian crypto platform Mercado Bitcoin, which aims to tokenize $200 million using the XRP Ledger.

Aptos and XRP Ledger headed the leaderboard by percentage growth. Algorand advanced 21.8% to reach $294.7 million, and Solana added 18.5% to hit $415.0 million. 

Stellar was the only top-ten network to shrink, slipping 5.7% to $467.7 million. Ethereum and ZKsync Era, which account for more than three-quarters of the tracked value, recorded low single-digit moves. XRP Ledger’s share of the indexed market now stands at 1.2%.

Inside XRP Ledger’s tokenization stack

US Treasury debt comprises the largest slice of tokenized value on XRP Ledger at $90.1 million, or roughly 57% of the network’s RWA base. Public equity receipts follow at $55.4 million, with non-US sovereign debt and real-estate tokens contributing $11.9 million and $2.9 million, respectively.

Archax anchors the ledger’s protocol table with $112.1 million across three instruments, equal to 55.6% of on-chain value, while Ondo holds $30.1 million.

Furthermore, token volumes on XRP Ledger are set to widen. The Brazilian exchange Mercado Bitcoin announced on July 4 that it plans to tokenize more than $200 million in permissioned fixed-income and equity-income products on the blockchain. 

According to Ripple, the effort ranks among the most extensive Latin American tokenization campaigns. It builds on Mercado Bitcoin’s record of issuing more than R$1 billion ($182 million) in on-chain private credit assets with zero defaults. 

The exchange will utilize XRP Ledger’s native settlement layer to distribute the instruments across South America and Europe.

Ripple noted that Mercado Bitcoin already uses Ripple Payments for cross-border treasury transfers between Brazil and Portugal and listed the RLUSD stablecoin on its venue earlier this year. 

If completed in full, the new issuance would more than double the ledger’s current RWA capitalization and move the network higher in RWA.xyz’s rankings.

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