Ripple Bolsters XRP Ledger Tokenization Push With Strategic Investments
Ripple is expanding its XRP Ledger tokenization push with new strategic investments in ZILO and Licuido, two companies that specialize in digital capital markets infrastructure. This move aims to introduce regulated transfer agency, token issuance, and collateral mobility features to institutional finance on the XRP Ledger.
The investments are a continuation of Ripple's partnerships with both entities and are designed to enhance traditional financial assets' issuance, transfer, settlement, and collateralization in tokenized markets. ZILO specializes in transfer agency and fund administration technology for asset managers, custodians, and transfer agents, while Licuido is an FCA-regulated platform that facilitates token issuance, distribution, and trading of digital assets.
Ripple's Senior Vice President of Trading and Markets, Nigel Khakoo, believes that tokenization is only the starting point and that the real value lies in what can be done with a token. He sees the core capabilities of ZILO and Licuido as essential for scaling regulated digital transfer agency services and collateral mobility in capital markets.