Ripple Pushes Full XRPL Stack as Tokenized Assets Expand

Ripple Expands Its Institutional Tokenization Infrastructure

Ripple President Monica Long outlined the company’s broader strategy on Aug. 4 after Ripple announced strategic investments in Zilo and Licuido to expand institutional capital markets infrastructure connected to the XRP Ledger. She described a rapid transition from bank pilots toward production-grade activity and positioned Ripple’s digital asset stack across the full tokenized asset lifecycle.

“In the last year, we’ve seen the veritable light switch flip – from bank pilots to production, from issuing tokenized assets like money market funds and liquidity funds to using them! Institutional capital markets are moving in one direction — onchain 24/7,” Long stated on X, adding:

“At Ripple, our goal remains to provide the full stack of digital asset infrastructure – allowing institutional participants to take advantage of the entire lifecycle of a tokenized asset on the XRP Ledger.”

Those investments in ZILO and Licuido add fund tokenization and institutional liquidity infrastructure to Ripple’s broader capital markets strategy, supporting fund issuance, trading, and settlement on the XRP Ledger.

Ripple’s Mint platform complements that strategy. Launched on July 23, it provides financial institutions with a unified interface to access, mint, redeem, and manage Ripple USD, or RLUSD, while issuing and transferring the stablecoin across fiat and blockchain settlement systems.

Institutional issuers can also use Ripple’s tokenization platform to create securities, stablecoins, fund units, bonds, commodities, and other real-world asset (RWA) tokens. Its infrastructure combines issuance, redemption, compliance screening, transfer restrictions, audit trails, freeze controls, clawbacks, and multichain distribution.

Tokenized Funds Move Into Trading, Lending, and Yield

A partnership among DBS, Franklin Templeton, and Ripple shows how tokenized assets can support continuous portfolio management after issuance. The arrangement allows eligible DBS clients to trade RLUSD for Franklin Templeton’s tokenized money market fund within minutes while retaining access to yield.

DBS also plans to explore accepting these tokenized fund units as collateral through bank repurchase agreements or third-party lending platforms. That structure would let institutional investors move between a stable settlement asset and an income-producing instrument throughout the day.

Real-world asset tokens can represent bonds, funds, commodities, and property on blockchain networks, opening those assets to faster transfers and around-the-clock settlement.

Credit Infrastructure Could Extend the XRPL Stack

The proposed XRPL Lending Protocol would add standardized institutional lending to the network’s tokenization infrastructure. The design keeps underwriting and compliance decisions offchain while managing servicing, repayments, interest, and defaults onchain for treasuries, stablecoins, commodities, money market funds, and private credit.

Separate XRPL infrastructure is connecting XRP and RLUSD liquidity with tokenized U.S. Treasury products offering regulated, reserve-backed yield. A Doppler Finance and Openeden partnership plans to integrate Openeden’s TBILL token and yield-bearing USDO stablecoin into an XRPL-native protocol using audited reserves, regulated custody, and compliance controls.

The Bank for International Settlements (BIS) identified tokenization as a potential source of faster, programmable payments and more efficient financial intermediation. The organization’s 2026 assessment also called for trusted settlement instruments, coordinated oversight, and stronger safeguards, while warning that current stablecoin structures present financial-integrity and monetary risks.

Ripple’s next expansion point rests with validator decisions on the proposed lending standards, which would determine whether tokenized XRPL assets can support protocol-level institutional borrowing.