XRP holds 63% of this T-bill token supply but barely any of the trading, and thats a problem

Tokenized US Treasuries are close to $11 billion, but the chain war is shifting from issuance to distribution and utility. Where yield tokens actually sit, how often they move, and whether they plug into stablecoin settlement and collateral workflows are what matters.

Last week, XRP Ledger (XRPL) got two signals that it’s trying to matter in that “venue” fight.

First, Aviva Investors said it’s partnering with Ripple to tokenize traditional fund structures on the and collateral depth fast, which means…