In 2025, the tokenization of real-world assets accelerated significantly, nearing $28 billion. The market shows notable growth, particularly for Stellar and XRP.
State of the Tokenized Asset Market
By 2025, the total value of tokenized assets on-chain reached $27.95 billion, indicating a 7.39% growth in just one month. Ethereum continues to lead with $8.3 billion, while Stellar and XRP demonstrate rapid growth. Currently, Stellar has over $511 million in tokenized assets, reflecting a 12.87% increase over the last 30 days, while XRP Ledger follows with $322 million, exhibiting a 12.01% growth.
Institutions and Partnerships of Stellar and Ripple
Institutional adoption plays a key role in Stellar's growth, with its integration into Visa’s stablecoin platform and focus on cross-border transactions. The rollout of Protocol 23 in September 2025 is expected to enhance scalability. Stellar has also partnered with the ERC-3643 Association to support standardized tokenization protocols. XRP Ledger, having $322 million worth of tokenized assets, is becoming compliance-friendly for institutional use. Ripple anticipates $19 trillion in tokenized assets by 2033.
Global Regulation and Its Impact on Growth
Global regulatory efforts have bolstered tokenization growth. Nations in Asia, Europe, and the Gulf have created favorable conditions for ongoing development. Hong Kong, the UAE, and Singapore have established clear rules for tokenized assets, while Europe’s MiCA framework offers a continental regulatory template. These regulatory advancements play a significant role in reducing settlement times and enhancing collateral mobility in global markets.
With $28 billion currently tokenized and networks like Stellar and XRP Ledger securing nearly $1 billion of that, 2025 may mark a turning point for tokenized finance.
