XRP Ledger’s Largest Asset Sits Frozen by Design, Analyst Finds

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A new analysis is challenging the widely repeated claim that half of the tokenized asset market has stalled. The argument centers on a single token most XRP watchers have never mentioned. A $2.2 Billion Token With 19 Owners The token is called JMWH. It launched on the XRP Ledger on January 13, 2026, issued by …