Ripple invests in ZILO and Licuido to expand tokenized asset infrastructure on XRPL, following Aviva Investors' $1B+ liquidity fund tokenization.
Tech & Launches ·
Ripple has invested in ZILO and Licuido to expand its capital markets infrastructure on the XRP Ledger, adding regulated transfer agency, issuance, and collateral mobility capabilities. The move follows Aviva Investors' tokenization of its US Dollar Liquidity Fund on the XRPL, which the company cited as evidence that institutions are prepared to deploy tokenized assets onchain.
The investments reflect a broader shift in institutional capital markets toward continuous onchain activity. According to Ripple, the transition has moved from bank pilots and isolated issuance experiments—such as money market funds and liquidity funds—to active use of these instruments. Ripple frames its strategy as providing the complete infrastructure stack to support the full lifecycle of tokenized assets on its ledger.
What remains unclear is the size of Ripple's investment in either firm, the specific functionality each will contribute, and timelines for deployment. The announcement does not specify whether additional institutional tokenizations are planned or imminent beyond Aviva Investors' move.