The XRP ecosystem is showing renewed momentum as Grayscale, one of the world’s largest digital asset managers, has filed a new amendment for its XRP Trust ETF with the U.S. Securities and Exchange Commission (SEC). The move comes amid rising interest in Ripple’s role in real-world asset (RWA) tokenization, underscored by VivoPower’s $5 million XRP-based project in South Korea. Together, these developments have reignited optimism among XRP holders who see institutional validation and real-world adoption converging.
Grayscale Advances XRP ETF Plans
According to an SEC filing dated November 3, Grayscale submitted Amendment No. 2 to its Form S-1 registration for the XRP Trust. The document names Grayscale Investments Sponsors, LLC as the fund’s sponsor, with Edward McGee serving as Chief Financial Officer and Davis Polk & Wardwell LLP providing legal counsel.
Grayscale’s latest amendment marks a renewed effort to bring institutional-grade exposure to XRP, a token long viewed as central to blockchain-based payments and cross-border settlements. The filing suggests Grayscale is finalizing the details required for regulatory approval, potentially positioning Ripple alongside Bitcoin and Ethereum within the U.S. ETF ecosystem.
If approved, the XRP Trust ETF would give investors a way to access XRP’s ecosystem through traditional financial markets—a major step toward mainstream integration. Analysts note the timing may not be coincidental, coming just ahead of Ripple’s Swell conference in Dubai (Nov. 12–14), which has already sparked speculation about new institutional partnerships and tokenization initiatives.
VivoPower Backs XRP-Based Tokenization Project
Adding momentum to Ripple’s ecosystem, VivoPower International announced a $5 million investment in South Korea’s KWeather, acquiring a 20% equity stake. The partnership will fund a “WeatherCoin” tokenization project, aimed at creating a digital asset reserve and launching WeatherCoin as a derivative instrument for climate risk management, energy trading, and data-driven sustainability solutions.
VivoPower noted that part of its investment will involve purchasing shares via XRP exposure, underscoring the token’s growing role as a transactional and reserve asset. Crypto researcher Crypto Eri called the move “a strong signal that XRP is evolving beyond payments, into tangible, real-world finance.”
Tokenization Models Fuel Valuation Speculation
The surge of institutional and real-world activity has reignited valuation models exploring XRP’s potential. A recent Silvercliff Partners report applied a Discounted Cash Flow (DCF) model to XRP transactions, suggesting a theoretical fair value of up to $18,036 per XRP under aggressive growth assumptions.
While most analysts view that figure as highly speculative, the study reinforces a broader narrative: Ripple’s infrastructure could underpin a major portion of tokenized global finance. The model likened the XRP Ledger to a “pipeline of value,” emphasizing how transaction volume, adoption, and supply reduction could drive long-term appreciation.
XRP’s Expanding Role in the Tokenized Economy
Taken together, Grayscale’s ETF filing, VivoPower’s tokenization initiative, and growing institutional interest signal a pivotal evolution in XRP’s story. The convergence of traditional finance through ETFs and blockchain-based tokenization projects like WeatherCoin points to Ripple’s emerging position at the core of the next wave of digital asset infrastructure.
As one analyst summarized: “The XRP narrative is no longer just about payments—it’s about building the backbone of the tokenized economy.”
