Ripple invests in Zilo and Licuido to assist tokenized capital markets push
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Ripple announced strategic investments in two UK-based firms, Zilo and Licuido, to support its goal of expanding access to tokenized financial assets on the XRP Ledger (XRPL). Zilo specializes in global transfer agency services for wealth managers, while Licuido offers tokenization solutions regulated by the UK Financial Conduct Authority. The investments aim to enhance regulated transfer agency, issuance, and collateral mobility within Ripple's blockchain infrastructure.
Why it matters
According to Ripple, these investments are intended to address challenges related to idle collateral by enabling tokenized funds to be used as collateral from the point of issuance. This development could improve the efficiency and utility of tokenized financial assets on the XRPL, potentially benefiting institutions looking to leverage blockchain technology for capital markets.
Key context
This announcement follows recent developments including London-based Aviva Investors launching a tokenized share class on XRPL with Central Bank of Ireland approval and Ripple’s launch of Ripple Mint, a platform for managing its stablecoin RLUSD. XRPL currently ranks as the 11th-largest blockchain network with $368 million in tokenized real-world assets, compared to Ethereum’s leading $17.1 billion in tokenized assets. The total value of tokenized assets has recently increased to $37.3 billion with a 50% rise in holders over the past month.
Key numbers and entities
The companies involved are Ripple, Zilo, and Licuido. Zilo has raised $58.7 million in total equity funding. XRP Ledger (XRPL) holds $368 million in tokenized real-world assets. Ethereum leads with $17.1 billion in tokenized RWAs. The total value of tokenized assets is $37.3 billion, and total holders number 1.57 million. Aviva Investors and the Central Bank of Ireland are also mentioned in relation to XRPL developments.
What remains unclear
Financial details of Ripple’s investments in Zilo and Licuido were not provided. The source does not flag other specific uncertainties or open questions about these strategic investments.