What did Ripple's David Schwartz say about XRP's expanding utility?

David Schwartz said the XRP Ledger is evolving beyond simple payments by supporting tokenised assets, financial products and real-world asset issuance. He argued that XRPL's growing ecosystem could expand XRP's role in financial markets.

How is XRP Ledger moving beyond payments?

According to Schwartz, XRPL can support both XRP and issued assets representing stablecoins, securities, funds and other financial instruments. This allows the network to combine asset issuance, transfer and settlement on a single blockchain.

What are tokenised real-world assets (RWAs)?

Tokenised real-world assets are traditional assets represented on a blockchain. Examples include stocks, bonds, money market funds, real estate and other financial products that can be transferred and settled digitally.

What are tokenised repos and tokenised loans?

Repos are short-term financing agreements commonly used in traditional financial markets. Tokenised repos and loans would allow borrowing, lending and collateral management to occur on blockchain infrastructure rather than through conventional systems.

Why is tokenisation important for XRP Ledger?

Tokenisation could make financial assets easier to issue, transfer and settle while operating on a transparent blockchain network. If adoption grows, it could increase activity across XRPL and create additional utility beyond XRP payments.

Does this mean XRP will be used for tokenised stocks and funds?

The article suggests XRP Ledger may support these assets, but it does not guarantee XRP itself will be the primary asset used in every transaction. XRP could benefit from increased network activity, liquidity and settlement demand if adoption expands.

How does XRPL compare with other tokenisation platforms

XRPL is one of several blockchain networks targeting tokenised financial assets. Competitors include platforms built on Ethereum and other blockchains seeking to attract institutions interested in bringing traditional assets onchain.

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XRPL expands into tokenised finance

Q: What types of tokenised assets could launch on XRPL?

Schwartz said enterprises are already using XRPL for tokenised real-world assets and may eventually offer tokenised securities, money market funds and stocks. These products could expand the network's use cases beyond cross-border payments.

Written by Liezl GambePublished Jun. 8 2026Last Updated Jun. 8 2026

The XRP Ledger is expanding beyond its traditional payments focus as Ripple highlights growing adoption of tokenised assets and onchain financial products across the network.

In a recent “XRP in a Minute” segment, Ripple CTO Emeritus David Schwartz said XRPL now supports issued assets that can represent stablecoins, tokenised real-world assets and a growing range of financial instruments.

“The XRP Ledger followed soon after, providing both the native digital assets similar to bitcoin, as well as issued assets that can represent things like stablecoins or tokenised assets of any kind,”

Schwartz said.

According to Schwartz, enterprises are already using the XRP Ledger for tokenised real-world assets and could eventually offer tokenised securities, money market funds and stocks on the network.

He added that future developments may include tokenised repurchase agreements and tokenised loans, extending XRPL's role into lending, collateral management and broader financial market infrastructure.

Schwartz argued that enterprise-led adoption will be critical to bringing decentralised finance products to mainstream users by making blockchain-based financial services more accessible and familiar.

The comments reflect a broader industry trend toward tokenisation, with blockchain networks increasingly competing to host traditional financial assets and services onchain as institutions explore new ways to issue, transfer and settle value digitally.

At the time of reporting, XRP price was $1.14.