Stellar Has 9 Times More Tokenized Assets Than XRP but XRP Is Worth 11 Times More

The post Stellar Has 9 Times More Tokenized Assets Than XRP but XRP Is Worth 11 Times More appeared first on 24/7 Wall St..

XRP (CRYPTO:XRP) and Stellar have always been chasing the same prize, which is moving money and assets across borders without the old banking rails. XRP is far the bigger of the two, worth tens of billions and is currently a top 10 crypto, while Stellar is a fraction of that size and trades under a quarter. Both are well off their highs right now, so neither is winning based on prices.

But there’s one business that both networks built their whole pitch around, which is putting real-world assets like treasuries and money market funds onto a blockchain. On that one, there is clearly one winner—Stellar is miles ahead of XRP, and its lead keeps growing.

XRP Towers Over Stellar by Market Cap

The scoreboard most people watch is price, and on there, XRP dwarfs Stellar. XRP is worth about $66 billion, which makes it the sixth-biggest cryptocurrency in the world, while Stellar is worth a bit under $6 billion.

At today’s prices, XRP is worth roughly 11 times more than Stellar. When you picture it another way, you could buy the entire Stellar network 11 times over and still have a little left from XRP’s market value.

Now, XRP’s lead isn’t coming from some recent surge. Both tokens’ values have been sliding, and Stellar has fallen further, off about 20% in the past week as the whole crypto market sold off. So XRP’s size advantage is solid, but market value only shows what traders are willing to pay for XRP today. It says nothing about which network is winning the business both were built for, and that’s where Stellar pulls ahead.

Stellar Leaves XRP Behind on Real-World Assets

When it comes to putting real-world assets on-chain, the smaller network is the one in front, and it isn’t close. Stellar now holds about $3 billion in tokenized assets like U.S. Treasuries and money market funds, while the XRP Ledger holds around $330 million. 

That’s roughly 9 times more tokenized value on Stellar than on XRP’s ledger. And the gap is widening, with Stellar’s tokenized assets up about 21% over the past month while the XRP Ledger’s shrank around 18%.

Stranger still, the XRP Ledger actually runs more tokenization projects than Stellar, 302 against 68. It just has far fewer people holding them, just over 150 across the whole ledger versus nearly 17,800 on Stellar.

There’s also a catch in that $330 million figure worth knowing. According to RWA.xyz, the XRP Ledger looks like it holds about $3.6 billion in real-world assets, which would actually beat Stellar. But most of that only lives on the ledger as a record. The value genuinely held and traded on-chain is about $330 million, and the rest is managed off-chain, with the ledger acting as a notary rather than a live market. 

Stellar’s $3 billion is the real thing, spread across institutional money like Franklin Templeton and Spiko—a platform that on its own holds over a billion dollars. Tokenized assets now make up roughly half of Stellar’s entire market value, while on the XRP Ledger, the same business is worth about half a percent of XRP’s. So for Stellar, real-world assets are close to the whole reason to own it, but for XRP, they barely register.

Why Institutions Picked Stellar, and the DTCC Prize

Stellar was built with the boring features big financial institutions actually need. Issuers can freeze or claw back a token to stay compliant, fees run a fraction of a cent, and settlement finishes in seconds. When WisdomTree, a $100 billion asset manager, explained why it put its tokenized funds on Stellar, it pointed to exactly those things.

That reputation has earned Stellar the biggest prize in the whole tokenization race. In late May, the DTCC said it would put securities like Russell 1000 stocks, major ETFs, and Treasuries directly onto the Stellar network. The DTCC is the clearing house that settles most U.S. stock and bond trades, and it safeguards around $114 trillion in assets, so this would be the first time securities like these live on a public blockchain. Testing runs through 2026, with a wider launch targeted for the first half of 2027.

That doesn’t shut XRP out completely. Ripple has wired itself into the DTCC’s plumbing from a different angle, through its Ripple Prime arm, which joined the DTCC’s clearing group and its tokenization working group. But that’s an indirect, back-office connection, while Stellar is the one getting the actual securities issued on its chain, and that’s a far bigger deal.

Where XRP Still Beats Stellar

XRP is behind on tokenized securities, but it’s clearly ahead on stablecoins—the digital dollars that handle most of the settlement work in crypto. The XRP Ledger holds close to a billion dollars in them, led by Ripple’s own RLUSD, which now plugs into Mastercard’s settlement network. That’s nearly three times Stellar’s stablecoin pile, and it’s growing the fastest of any major blockchain, up close to 9% in just the past week.

That stablecoin strength points to something deeper that XRP has and Stellar doesn’t. When a bank uses Ripple’s service to send money across borders, the payment routes through XRP itself, so the usage creates demand for the token. Tokenized funds don’t work that way. A Franklin Templeton fund can hold hundreds of millions on Stellar without anyone ever needing to touch XLM. That’s the difference between assets parked on a network and a token people actually have to use, and it’s the edge that matters most for XRP right now.

XRP also has a couple of doors open that Stellar doesn’t. Regulated spot XRP ETFs have pulled in around $1.47 billion on U.S. exchanges since launching in late 2025, giving big investors an easy on-ramp Stellar can’t offer yet. 

Moreover, the CLARITY Act, the bill that would lock in XRP’s status as a commodity, has cleared the House and a Senate committee but is still waiting on a full floor vote. If the bill passes this year, XRP is expected to see billions in institutional flows as the CLARITY Act would clear the regulatory overhang holding the token back.

Which Token Should You Be Watching?

Stellar has clearly won the tokenization contest, but winning it hasn’t done much for the XLM price. The token jumped on the DTCC news in late May, ran up toward 29 cents, then gave all of it back and now trades lower than before the news even broke. 

All those billions in tokenized assets ride on Stellar’s rails, yet the network earns barely a thousand dollars a day in fees from running them. XRP is a similar case, with Ripple signing deals and the network growing, while the token price remains flat.

For both cryptos, it hinges on whether all that tokenized value ever turns into demand for the tokens. XRP has a head start there, since its payment rails pull on the token directly. Stellar’s moment comes if the DTCC deal goes live in 2027 and those securities really start trading and settling on-chain, rather than just being issued and left there. Until then, XRP leads by market cap, Stellar keeps the tokenization crown, and the prices stay stuck.

The post Stellar Has 9 Times More Tokenized Assets Than XRP but XRP Is Worth 11 Times More appeared first on 24/7 Wall St..