Zoniqx and Aurum Equity Partners have joined forces to expand the utility of the XRP Ledger in the real-world asset tokenization sector. Aurum recently announced the launch of a $1 billion tokenized equity and debt fund on the XRPL blockchain, making it the world’s first combined equity and debt tokenized fund. This fund will focus on investing in data centers on a global scale, with plans to establish centers in Saudi Arabia, the US, the UAE, India, and Europe.
The collaboration between Aurum and Zoniqx is significant, as Zoniqx will provide tokenization asset lifecycle management solutions and the dynamic compliant interoperable security token protocol. This means that Zoniqx will tokenize Aurum’s equity and debt assets, while the XRP Ledger will serve as a marketplace for investors to access these tokenized funds. The XRP Ledger will provide liquidity and diversification to investors, making it an attractive choice for investing in this innovative instrument.
This move follows Zoniqx’s previous collaboration with Ripple to integrate multi-asset tokenization features on the XRP Ledger. Ripple has been actively pursuing the tokenization of real-world assets and sees it as a key part of its business chain. The partnership with Aurum and Zoniqx aligns with Ripple’s broader vision to become a major player in the growing real-world asset tokenization sector, which experts predict will become a trillion-dollar industry.
Ripple’s CLO, Stuart Alderoty, has emphasized the importance of asset tokenization and stated that it is one of the three pillars the payment giant is focusing on. Ripple has also extended its partnership with UK-based exchange Archax to tokenize millions of real-world assets on the XRP Ledger.
David Schwartz, Ripple’s CTO, highlighted the emerging utility of private equity tokenization in the real-world asset sector. He believes that the collaboration between Aurum and Zoniqx using the XRPL demonstrates the potential of blockchain technology in asset tokenization.
In addition to this collaboration, the XRP Ledger is expected to gain enhanced liquidity and use cases with the upcoming launch of the RLUSD stablecoin. Ripple Lab president Monica Long revealed that the fintech firm is awaiting regulatory approval before introducing the stablecoin.
It is important to note that this article is for informational purposes only and should not be considered financial advice. Readers are encouraged to conduct thorough research before making any investment decisions. The views expressed in this article are the author’s personal opinions and do not necessarily reflect those of The Crypto Basic. The Crypto Basic is not liable for any financial losses incurred.