Key Highlights
- Hugo Philion says the XRP Ledger could become a top platform for RWA tokenization because of its strong global reach.
- He believes XRPL’s presence in key regions like the U.S., South Korea, and Japan makes it easier for companies to launch tokenized assets.
- XRP Ledger is gaining strong traction in RWA tokenization, reaching about $3.56B and growing fast in just 30 days.
Hugo Philion, the CEO of Flare Network, said the XRP Ledger could become one of the top platforms for real-world asset (RWA) tokenization.
During an interview at the XRP Las Vegas Conference on May 1, he explained that the network has a strong distribution across major regions, which has helped it drive adoption, while Flare Network is building out DeFi tools to support the ecosystem.
“There’s a huge buzz around XRP. There’s been a huge buzz since the uh court case was settled,” he said.
Philion said one of XRPL’s biggest strengths is where it is already active. According to him, the network has a stronger presence in countries like the United States, South Korea, and Japan than many other blockchains.
This matters because companies that want to tokenize assets usually prefer platforms that already have users and trading activity. If people are already there, it is easier for new assets to be seen and used.
XRP tokenized assets hit $3.56 billion
On-chain data supports this view. Data from RWA.xyz shows that the value of XRPL’s RWA has climbed to around $3.56 billion.
Distributed assets are up by 121.18% in the last 30 days, while represented assets are up 66% over the same period. On average, that is about a 99% surge. This places it ahead of networks like Solana, which holds about $2.5 billion in tokenized assets.
In addition, tokenized U.S. treasuries on XRPL have grown quickly, increasing eight times over the past year to more than $418 million. Trading activity around these assets has picked up as well, showing that users are not just holding them but actively using them.
Building XRP DeFi gradually
Philion also spoke about how Flare fits into this picture. He said the network is focused on expanding decentralized finance for XRP users by offering tools like lending and borrowing. “We are scaling slowly,” he said, noting that markets take time to mature and require careful development.
He added that stablecoins and institutional participation are important for growth, especially for lending markets. Security was another key point, as he explained the need to “scale responsibly” while avoiding risks seen in other ecosystems.
He referred to issues in other ecosystems like Ethereum, including the Kelp DAO exploit, as an example of what can go wrong when systems grow too fast without proper safety.
Flare has also expanded into other ecosystems to source liquidity, allowing users to access FXRP, a wrapped version of XRP. Philion said more vaults are expected to launch soon to support further growth.
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