Ripple Puts Capital Where Its Ledger Is, Backs Zilo and Licuido for Tokenized Collateral Flow 💼

Ripple announced two strategic investments in UK-based firms Zilo and Licuido as the blockchain-focused fintech expands its tokenized financial asset offerings on the XRP Ledger. Financial terms were not disclosed in the Monday announcement.

Zilo provides global transfer agency asset solutions for wealth managers and has raised $58.7 million in total equity funding, according to data compiled by Traxcn. Licuido operates as a tokenization solutions provider regulated by the UK Financial Conduct Authority. Ripple said the deals are intended to bring regulated transfer agency, issuance, and collateral mobility to the XRPL infrastructure, with a focus on allowing tokenized funds to be used as collateral from the point of issuance.

The investments follow a series of tokenization moves tied to the ledger. One week prior, London-based asset manager Aviva Investors launched a tokenized share class of its US Dollar Liquidity Fund on XRPL after receiving approval from the Central Bank of Ireland. Last month, Ripple introduced Ripple Mint, a platform that allows institutions to access, mint, redeem, and manage Ripple USD (RLUSD), the company's US dollar-pegged stablecoin.

XRPL ranks as the 11th-largest blockchain network with $368 million in tokenized real-world assets (RWAs), according to data provider RWA.xyz. Ethereum holds the top position with $17.1 billion in tokenized RWAs. Across the market, total RWA holders increased by 50% to 1.57 million over the past 30 days, while the total value of tokenized assets rose 1.5% to $37.3 billion.