Ripple invested in Zilo and Licuido, two firms building infrastructure for tokenized funds and institutional asset trading, without disclosing the size of either deal. The company plans to fold their regulated fund and collateral tools into the XRP Ledger, with RLUSD settling the cash side of trades.
Ripple invested in Zilo and Licuido today, two firms that build infrastructure for tokenized funds and institutional asset trading, expanding its digital capital markets strategy. The company did not disclose the size of either investment, and the move builds on Ripple's existing partnerships with both firms.
Zilo provides transfer agency and fund administration technology, giving asset managers and custodians regulated digital records for tokenized share classes. Licuido, meanwhile, operates an FCA-regulated platform that supports the issuance, distribution, trading, and use of traditional assets as digital collateral. Nigel Khakoo, SVP of Trading and Markets at Ripple, said the two firms give Ripple core capabilities essential to scaling this shift: "This is just the beginning of the journey…"
Ripple plans to integrate these capabilities with its infrastructure on the XRP Ledger, letting institutions issue tokenized assets, hold them in custody, move them between investors, and use them as collateral without relying on legacy systems. RLUSD will serve as the regulated cash component for delivery-versus-payment transactions, a structure meant to let the asset and payment sides of a trade settle together on XRPL.
The investments extend Ripple's push into payments, stablecoins, and trading infrastructure. Last month, the firm launched Ripple Mint and invested in compliance provider Notabene, moves that strengthened the infrastructure available to institutions using RLUSD.
Source: Ripple
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