JMWH Holds $2.23 Billion in Listed Value on XRP Ledger

JMWH, an electricity-linked token on the XRP Ledger, had a listed value of $2.23 billion on July 25, 2026, making it a major contributor to growth in the network’s tokenized commodity market.

The figure measures JMWH’s listed value. It does not show $2.23 billion in net inflows or establish that the XRP Ledger leads the full market for tokenized commodities.

Tokenized commodities include assets such as gold, diamonds and electricity. Some tokens can move beyond an issuer’s platform, while others are recorded on a blockchain but remain within that platform. These categories affect comparisons between networks.

JMWH’s listed value does not establish that the XRP Ledger has overtaken Ethereum in total tokenized commodity value.