The tokenization of real-world assets (RWA) on the XRP ledger has surged to $2.3 billion, with an increase of $1.3 billion in just two months in 2026. This growth is primarily driven by a single energy token, JMWH, valued at $861 million, which has only 12 holders. Despite major initiatives by institutions such as Société Générale launching euro stablecoins and Deutsche Bank integrating Ripple technology, the price of XRP has still fallen by 40%, to approximately $1.40, as institutions mainly use the ledger's low-cost infrastructure and stablecoins for settlement.