A recent wave of reports suggesting a massive new influx of real-world assets (RWAs) onto the XRP Ledger (XRPL) has been corrected. Dom, a prominent figure in the crypto community, pointed out that the widely shared numbers were inaccurate due to a misinterpretation of the currency.
According to him, what was portrayed as a surge worth hundreds of millions of US dollars was denominated in Brazilian reais. The actual figure is approximately $200 million in US dollars.
the big new influx in RWA on the XRP Ledger is NOT accurate.
this was supposed to be counted in Brazilian real.
actual figure closer to ~$200m. pic.twitter.com/UxJXi1vN9j
— Dom | EasyA (@dom_kwok) August 15, 2025
Background: XRPL’s Growing Role in Tokenization
The XRP Ledger has been gaining attention in Latin America as a hub for tokenized assets. In July, Ripple confirmed that Mercado Bitcoin, one of Brazil’s largest crypto exchanges, would bring approximately $200 million worth of regulated financial instruments onto XRPL. This announcement represented one of the clearest and most significant USD-denominated RWA tokenizations on the ledger so far.
At the same time, VERT launched its on-chain private credit platform on XRPL. Its debut involved the issuance of Agribusiness Receivables Certificates (CRAs) valued at 700 million Brazilian reais. When converted, that amounts to about USD 130 million.
The Source of the Confusion
The discrepancy arose when some data aggregators and commentators reported the BRL 700 million figure as if it were denominated in US dollars. This error significantly inflated perceptions of the overall USD value of tokenized assets flowing into XRPL. Dom highlighted this misstep, warning the community against concluding aggregated numbers without verifying the underlying currency.
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— TimesTabloid (@TimesTabloid1) July 15, 2023
The Real Numbers
Taking verified announcements into account, XRPL’s most notable RWA tokenizations include:
Mercado Bitcoin’s program valued at about USD 200 million.
VERT’s issuance of BRL 700 million in CRAs, equal to around USD 130 million.
When both are considered together, public trackers show XRPL RWA activity in the low hundreds of millions — not the outsized multi-hundred-million-dollar influx that some headlines suggested.
Why Accuracy Matters
This episode underscores the importance of precision in reporting tokenized asset values. Currency mislabeling can distort market sentiment, exaggerate adoption trends, and mislead both investors and regulators. For a sector as nascent as blockchain-based RWAs, clarity in how figures are presented is essential for building trust and encouraging responsible participation.
The XRPL is indeed experiencing meaningful adoption in Latin America, led by Mercado Bitcoin’s $200 million program and VERT’s large-scale BRL issuance. However, as Dom | EasyA emphasized, the narrative of a massive new USD-denominated influx was inaccurate. This correction underscores the importance of accurately verifying numbers and currencies when monitoring the growth of tokenized assets.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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