Ripple Makes Strategic Investments in Zilo and Licuido to Accelerate Its Tokenized Capital Market Expansion on the XRPL
55 minutes ago
Blockchain fintech firm Ripple has announced strategic investments in UK-based asset transfer agent Zilo and Financial Conduct Authority (FCA)-regulated tokenization solution provider Licuido, to advance the adoption of tokenized financial assets on the XRP Ledger (XRPL). Ripple stated that the investments aim to integrate regulated asset transfer agency, asset issuance, and collateral liquidity capabilities into the XRPL infrastructure, addressing idle collateral asset issues in traditional financial markets and enabling tokenized funds to be used as collateral from their launch. Zilo offers global transfer agency and asset solutions for wealth management firms, having raised around $58.7 million in total funding to date. Licuido specializes in institutional asset tokenization services. The specific investment amounts for both companies were not disclosed. This development follows shortly after Aviva Investors launched tokenized U.S. dollar liquidity fund shares on XRPL. Prior to this, Ripple also launched the Ripple Mint platform to help institutions issue, redeem, and manage its U.S. dollar stablecoin, Ripple USD (RLUSD). Data shows that the current tokenized real-world asset (RWA) size on XRPL is approximately $368 million, ranking 11th globally; Ethereum leads with $17.1 billion. Over the past 30 days, the number of RWA holders has risen by 50% to 1.57 million, while total tokenized asset value has increased by 1.5% to $37.3 billion.
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