XRP Ledger Records $1.3B in Tokenized RWA in Early 2026 as Arizona Advances Bill Naming XRP for State Reserve

The XRP Ledger recorded $1.3 billion in tokenized real-world assets (RWA) within the first two months of 2026, a total that already surpasses the amount recorded for all of 2025, according to reporting on ledger activity and tokenization metrics ^[1].

Arizona lawmakers advanced Senate Bill SB1649 this week, moving the state closer to establishing a public cryptocurrency reserve that explicitly names XRP among assets that could be held; a committee vote cleared an early hurdle and the state Senate panel issued a 'do pass' recommendation, according to coverage of the legislative progress ^[3][4].

Market coverage noted XRP's price was hovering near $1.43 and down roughly 3% amid consolidation, and reported that the Arizona reserve announcement could help market confidence—framing that as a potential effect reported by market observers rather than a confirmed outcome ^[2].

Together, the surge in tokenized RWA on the XRP Ledger and Arizona's legislative movement underscore increased institutional and municipal attention to XRP as reflected in the cited reports; further legislative action and ongoing tokenization activity will determine how these developments affect adoption and markets ^[1][3][4][2].