A Gulfstream G650 costs $65 million. A 1952 Mickey Mantle Topps card last sold for $12.6 million. A warehouse in Miami runs $8 million. You will probably never buy one outright.
But you could own 0.1% of one. Trade that stake in 3.2 seconds. Collect quarterly income from charter fees or rent. All for $100 and a $0.0002 transaction fee.
A $16 Trillion Market Is Forming
Boston Consulting Group projects the tokenized real-world asset market will reach $16 trillion by 2030. RealT and Lofty have tokenized over $200 million in real estate. BlackRock launched BUIDL, a tokenized money market fund, in 2024. The institutional signal is unambiguous.
Most tokenization happens on Ethereum, where gas fees fluctuate between $2 and $50 and settlement waits on block confirmations. The XRP Ledger offers fixed costs under $0.01, 3.2-second settlement, and a native DEX for secondary trading.
From Asset to Shares in Three Steps
Meridian uses the XLS-89 Multi-Purpose Token (MPT) standard on XRPL. MPTs are fungible tokens that represent fractional shares of a physical asset.
1. List and Tokenize
An asset owner lists a high-value item with documentation: appraisal, title, photos, proof of possession. After verification, Meridian issues MPTs representing fractional shares. A $100,000 watch becomes 1,000 shares at $100 each.
2. Primary Sale
Investors purchase shares during the offering. Each share is an MPT held in your own XRPL wallet. The seller receives funds directly. Meridian never holds the proceeds.
3. Secondary Trading
After the primary sale, shares trade on XRPL's native DEX. Price-time priority matching. Limit orders. No market maker. No spread manipulation.
- Limit orders go directly on the XRPL order book.
- First order at a given price fills first. Price-time priority.
- Settlement is atomic. Token and payment swap in a single ledger transaction.
- The DEX is protocol-level. No counterparty risk.
Collect Income On-Chain
Some fractional assets generate revenue. A rental property produces rent. A leased aircraft generates charter fees. Meridian distributes income on-chain, directly to share holders.
- Income distributes in RLUSD to eliminate currency volatility.
- Pro-rata distribution based on share ownership at snapshot time.
- Sell before the snapshot, forfeit the payout. The rules are clear.
- Every distribution is recorded on the ledger. Verifiable by anyone.
The Custody Question
Fractional ownership means someone holds the physical asset. This is the hardest part of real-world tokenization. Meridian addresses it directly.
Proof of Possession
Sellers provide timestamped photos, custody agreements, and third-party verification at listing time. Documentation lives on IPFS.
Periodic Verification
Meridian runs scheduled custody checks. These confirm the asset exists, matches its described condition, and remains with the listed custodian. Failed checks trigger holder notifications and may pause trading.
On-chain ownership is trustless. Physical custody is not. We are transparent about this boundary. Meridian minimizes the trust surface, but it exists.
The Buyout Mechanism
What if someone wants the whole asset? Meridian supports full buyouts, governed by token holders.
- A buyer submits a buyout offer at a price per share.
- Token holders vote. A 66% supermajority is required.
- If approved, all shares redeem at the buyout price. Dissenters still receive the payout.
- The buyer takes full ownership and all associated rights.
Minority holders cannot be forced out at unfair prices. Full acquisitions happen only when the majority agrees on the terms.
Who This Is For
- Collectors: Monetize a high-value piece without selling it outright. Retain a stake. Raise capital.
- Investors: Access asset classes gated by six-figure minimums. Diversify with $100.
- Asset managers: Tokenize a portfolio for liquidity. Create secondary markets for previously illiquid holdings.
The Infrastructure Is Here
Regulatory frameworks are evolving. Custody solutions are maturing. But the trajectory is clear: BCG, BlackRock, and Ripple are all building toward tokenized real-world assets.
Meridian provides the marketplace. MPTs provide the token standard. The XRPL DEX provides the trading venue. Non-custodial escrow provides the settlement layer. RLUSD provides the stable unit of account.
Fractional ownership is not a roadmap item. It is live. Browse the assets, buy a share, and start collecting income.