XRPL's RWA stack hits $3.6B — and a single tokenized energy asset accounts for half of it!

A single tokenized energy asset, JMWH, now carries a total value of $1.76 billion on the XRP Ledger — up 104.79% in 30 days since its January 13 inception — making it responsible for roughly half of XRPL's $3.6 billion in real-world assets (excluding stablecoins). Each JMWH token represents one real megawatt-hour of energy backed by energy companies, issued by Justoken in partnership with Argentine producer YPF Luz through a product called Enertoken.

The $3.6 billion figure breaks 71% toward represented assets — tokens that stay inside the issuing platform while the blockchain handles recordkeeping and reconciliation — rather than freely transferable distributed assets. That architecture suits commodity workflows precisely: production allocation, contract execution, consumption tracking, billing, and ESG audit trails all require shared, trustworthy records across parties with…