Ripple Pushes Full XRPL Stack with Zilo and Licuido Investments
Ripple is expanding its institutional tokenization infrastructure with strategic investments in Zilo and Licuido. The move aims to provide financial institutions with a full stack of digital asset infrastructure, enabling them to take advantage of the entire lifecycle of a tokenized asset on the $XRP Ledger.
Ripple President Monica Long emphasized the rapid transition from bank pilots to production-grade activity, stating that 'in the last year, we've seen the veritable light switch flip, from bank pilots to production... Institutional capital markets are moving in one direction, onchain 24/7.'
The company's Mint platform provides financial institutions with a unified interface to access, mint, redeem, and manage Ripple USD ($RLUSD), while issuing and transferring the stablecoin across fiat and blockchain settlement systems.