TLDR
- Ripple invested in ZILO and Licuido to expand capital markets infrastructure on the XRP Ledger.
- ZILO provides transfer agency technology for tokenized share classes used by asset managers and custodians.
- Licuido adds regulated issuance, distribution and liquidity tools for traditional assets moving onchain through XRPL.
- Ripple plans to use RLUSD as the regulated cash leg for delivery-versus-payment transactions on XRPL.
- XRP Ledger has processed four billion transactions and supports more than seven million active wallets.
Ripple expanded its capital markets strategy with new investments in ZILO and Licuido, extending its push to bring regulated tokenized finance tools to the XRP Ledger.
Ripple Expands Tokenized Finance Push
Ripple said the investments build on existing partnerships with both companies. The deals aim to support regulated transfer agency, asset issuance, and collateral movement on the XRP Ledger.
ZILO provides transfer agency and fund administration technology for asset managers, custodians, and transfer agents. Its tools support digital record-keeping for tokenized share classes as traditional funds move onchain.
Licuido operates a tokenization platform and FCA-regulated trading venue. The company supports digital ownership, asset distribution, and liquidity for traditional financial assets.
Ripple said the combined infrastructure can help institutions issue tokenized funds, settle transactions, and use assets as collateral. The model also includes RLUSD as the regulated cash leg for delivery-versus-payment transactions.
ZILO and Licuido Add Core Market Functions
Ripple said tokenized funds can be used as collateral from issuance. Trades can also settle atomically on the XRP Ledger, reducing delays across institutional workflows.
Nigel Khakoo, SVP of Trading and Markets at Ripple, said, “Tokenization of assets is only the starting point: the real value lies in what can be done with a token, including buying, selling, and settling trades instantly, or using it as collateral to borrow, lend, or post margin.”
Khakoo said Ripple’s work with Aviva Investors, Franklin Templeton, and DBS shows growing asset manager interest in tokenized fund structures. He added that ZILO and Licuido provide regulated tools for transfer agency, issuance, and collateral mobility.
ZILO founder and CEO Phil Goffin said, “As fund structures move onchain, transfer agents and asset managers need infrastructure that can handle tokenized share classes without adding operational risk.”
XRP Ledger Role Grows in Capital Markets
Licuido CEO and co-founder Brian Lynch said tokenization alone does not fully solve liquidity challenges. He said the company’s platform adds issuance, distribution, and asset utility within a regulated digital capital markets setup.
Lynch added, “Ripple’s backing helps us to scale that infrastructure and our collateral marketplace, on the XRPL, helping institutions turn assets that have sat idle on their balance sheets into liquidity they can actually use.”
The investments follow Ripple’s earlier collaboration with Aviva Investors to tokenize traditional fund structures on the XRP Ledger. Ripple is working with partners to support issuance, distribution, custody, and additional uses for those assets.
The XRP Ledger has processed more than four billion transactions since 2012. The network supports more than seven million active wallets and is maintained by 120 independent validators.
Ripple said the XRPL offers speed, low fees, security, and compliance tools for tokenized funds. The company is positioning the network as infrastructure for regulated digital capital markets and institutional asset movement.
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