Ripple invests in Zilo and Licuido to expand tokenized capital markets
VC & Fundraising ·
Ripple has made two new strategic investments aimed at bringing regulated fund infrastructure and asset settlement onto the XRP Ledger.
Ripple disclosed on August 3 that it has invested in Zilo and Licuido, according to CryptoPotato. The company said the investments are meant to enhance its digital capital markets strategy, with a particular focus on tokenized funds and institutional asset trading. Ripple confirmed the moves directly, describing them as steps to strengthen its digital capital markets infrastructure, per its own announcement.
The stated purpose is to integrate regulated digital transfer agency infrastructure and liquidity directly into the XRP Ledger, which would facilitate the issuance and movement of tokenized assets. Bringing in transfer agency capabilities addresses a specific gap in tokenization workflows: regulated funds and asset issuers typically require a transfer agent to record ownership, process subscriptions and redemptions, and maintain compliance records, functions that have not previously been native to the ledger.
The Zilo and Licuido investments are part of a broader push by Ripple to build an institutional platform spanning tokenization, payments, and trading, complementing earlier partnerships with major financial firms, as reported by The Block. One version of the reporting on this cluster ties the move to Aviva's institutional fund tokenization activity, suggesting the new infrastructure is intended to support regulated issuance, transfer agency, and collateral mobility for tokenized assets on XRPL following that earlier effort.
Coverage of the announcement has been corroborated across multiple outlets, with seven distinct sources describing the same core investments, though framing varies between emphasizing capital markets infrastructure broadly and highlighting collateral mobility specifically. Some accounts characterize the deals as strengthening digital capital markets infrastructure generally, while others tie them more narrowly to enabling regulated tokenized asset issuance and transfer agency functions on XRPL, as noted in Leviathan News's coverage.
Not yet detailed in the available material are the size of Ripple's stakes in Zilo or Licuido, specific timelines for integrating their infrastructure with the XRP Ledger, or which institutional clients might be first to use the resulting tokenized fund or collateral mobility services. How these investments interact with Ripple's previously announced partnerships with financial firms, and whether additional capital markets deals will follow, remains to be seen.