XRP investment products pulled in $39.6 million last week — a 1,220% jump from the prior week's $3 million, according to the latest CoinShares report. The surge came as Ripple wrapped up a tokenized US Treasury settlement pilot with JPMorgan, Mastercard, and Ondo Finance on the XRP Ledger, processing redemptions in under five seconds. Meanwhile, the US Senate Banking Committee unveiled the draft text of the CLARITY Act and scheduled a vote for May 14, a move that boosted market sentiment around stablecoin regulations.
XRP inflows spike 1,220%
The $39.6 million figure is the largest weekly inflow for XRP products since April 2025, which was the strongest month for US-listed XRP ETFs. Assets under management for XRP products now sit at roughly $2.56 billion, ranking it among the biggest non-Bitcoin crypto investment vehicles. The broader US market also rebounded sharply: US-based crypto products recorded $776.6 million in inflows last week, a 1,530% recovery from the prior week's $47.5 million.
Ripple, JPMorgan settle tokenized Treasuries
Ripple, JPMorgan, Mastercard, and Ondo Finance completed a pilot that tokenized US Treasury redemptions on the XRP Ledger. The test showed settlement in under five seconds — a speed that traditional systems can't match. The pilot didn't involve real cash flows but demonstrated the technical feasibility of moving tokenized government debt on a public blockchain. For Ripple, it's a proof point for institutional use cases beyond cross-border payments.
CLARITY Act vote on the calendar
The Senate Banking Committee released the full text of the CLARITY Act and set a vote for May 14. While the outcome of that vote isn't yet public, the mere scheduling improved sentiment around stablecoin regulation. Traders viewed the move as a sign that lawmakers are serious about providing a clear framework — something the crypto industry has been demanding for years. The bill's progress is one reason inflows into US-based products have been climbing.
Market-wide recovery continues
Across all digital assets, the market saw six consecutive weeks of inflows totaling $857.9 million. Bitcoin led with $706.1 million in weekly inflows. The recovery comes after a sluggish start to 2026, but April and May have brought renewed interest from institutional investors. Whether the CLARITY Act becomes law remains the next big catalyst for stablecoin markets — and by extension, for tokenized asset pilots like the one Ripple just ran.
