XRP's Largest Assets May Be Those That Never Trade

The tokenization of real-world assets on the XRP Ledger has led to some surprising conclusions from economist Dana Love, PhD. In her latest video, she argues that the largest tokenized assets may not be the ones driving crypto headlines.

Love points to a $2.2 billion asset on the XRP Ledger with just 19 holders and no recorded transfers. This is not because it's frozen, but because it was designed as a settlement record rather than a tradable product.

This distinction matters as reports circulate that 56% of the roughly $60 billion tokenized-real-world-asset market showed no weekly transfer activity. Love claims that this inactivity combines two very different businesses: assets built to move on public rails and assets whose tokens function mainly as internal records.