Real-world assets, on-chain in real time
Live tracker for tokenized real-world assets on XRPL. Per-issuer circulating supply, today's mint and burn flow, and the canonical wallet map across treasuries, stablecoins, commercial paper, money-market funds, and energy commodities.
A real-world asset (RWA) token represents off-chain value on-chain. A tokenized US Treasury bill, a Brazilian Real stablecoin, a megawatt-hour of energy, an institutional money-market fund share. The issuer holds the underlying asset off-chain; the on-chain token is the claim against it. When you swap into RWA, you're buying exposure to the off-chain thing through an on-chain rail.
Names you know: Ondo Finance (OUSG, BlackRock-backed treasuries), Ripple (RLUSD stablecoin), Société Générale FORGE (EURCV, MiCA-licensed), OpenEden (TBL T-bills), Archax (abrdn money-market). Names you might not: Schuman Financial (EURØP), Braza Group (USDB, BBRL), Justoken (JMWH energy), Guggenheim / Zeconomy (commercial paper). 11 live issuers tracked here today; the universe grows as institutional rails mature.
Sub-second settlement at fractions of a cent. Native multi-currency support without bridges. Permissioned trading rails (XLS-80) for regulated assets. Built-in clawback flags for issuers who need them. The combination makes XRPL one of the few public chains where a regulated RWA can settle natively, which is why institutional issuers have been deploying through 2024 and 2025.
The issuers with the biggest net change in circulating supply over the last 24 hours, in either direction. A positive number means more tokens were minted than burned (capital flowed in); a negative number means more were redeemed than issued (capital flowed out). Ranked by absolute size so a $1M outflow ranks alongside a $1M inflow.
One tile per tracked issuer. Circulating is how much of the token exists on-chain right now in the issuer's native units (treasury holdings excluded where applicable, like OpenEden TBL). 24h Δ is how that number moved since yesterday's snapshot. Trustlines is roughly the number of holders. The colored badge is the asset class. Ondo OUSG appears twice because Ondo operates two issuer wallets: one for institutional access (authorized-trustline gating + clawback), one for the broader retail variant. "Permissioned" here refers to those wallet-level controls, not XLS-80 PermissionedDomains (those live in XR-Trust).
Every Automated Market Maker pool on XRPL where one of the two tokens is a tracked RWA. AMMs are constant-product liquidity pools (XRPL's XLS-30 standard). Anyone can swap between the two tokens at any time without an order book, with the price set by the pool's reserves. These tiles tell you how much liquidity is actually sitting in each pool, which is a proxy for how tradeable the RWA is on-chain right now. Pools with dust-level balances (under a few dollars) show up too; they're the "rails set up, no real liquidity yet" signal.
Per-issuer mint and burn activity over the last 24 hours. Each row shows how many new tokens were minted (green +), how many were redeemed back to the issuer (red −), and the net change. Positive net means more came in than went out and the issuer's outstanding supply grew; negative means it shrank.
Mints and burns ride the XR-Pulse™ feed at
pulse.xrpl-utilities.io under the
rwa_issuer_flow source. This page surfaces the most recent entries; agents can subscribe to the full stream via x402.
Real issuers only. Every issuer on this page was checked against the XRP Ledger before being added. Wallet address, currency code, and the issuer's on-chain controls are confirmed; nobody gets on the list because a third-party aggregator says they should be there.
Native units, not invented dollars. A money-market fund token is reported in shares. An energy token is reported in megawatt-hours. A stablecoin is reported in its peg unit. We don't multiply by an off-chain price feed and call it a USD figure. That's what creates the misleading numbers you see on aggregator dashboards. If you want a USD valuation, you bring your own price.
Treasury-aware accounting. For OpenEden TBL, what's reported as "circulating" excludes the issuer's own treasury wallet, leaving only the supply actually in holders' hands. Public aggregators show the unfiltered number and overstate the figure by orders of magnitude. Same care will roll out to other issuers where the pattern applies.
Mints and burns, live. Every time an issuer mints new tokens or a holder redeems back to the issuer, the event lands here within minutes of settling on-chain. No batching, no waiting for an end-of-day report.
Daily snapshots, building history. Once per UTC day, every live issuer's outstanding supply and trustline count are captured. Over time the dashboard accrues a trend you can read. Is OUSG growing? Is EURCV picking up retail distribution? Is the Justoken energy token gaining trustlines or holding flat?
Rails-set-up issuers stay on the list. Archax has its institutional-money-market-fund issuance rails configured but hasn't minted any tokens on mainnet yet. We track it anyway so the first mint shows up here the moment it happens.
AMM exposure on the same page. For each issuer, you can see whether the token has working swap-pool liquidity or only issuer-held supply. That's the difference between "real on-chain market" and "press release with rails."
XR-Vault renders dashboards over the
rwa_issuer_flow and
rwa_issuer_daily event sources on XR-Pulse™. Agents that want the raw stream
call POST /events/recent on
pulse.xrpl-utilities.io for $0.10 USD per query
via x402 v2 (XRP or RLUSD). The cross-issuer summary that powers this
page is exposed at GET /stats/rwa-summary, free.
