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. The fund will focus on investing in data centers globally, with plans to establish centers in Saudi Arabia, the US, the UAE, India, and Europe.
The collaboration between Aurum and Zoniqx is set to be a game-changer in the industry. Zoniqx will tokenize Aurum’s equity and debt assets, while the XRP Ledger will serve as a marketplace for investors to access the tokenized funds. This partnership will provide investors with liquidity and diversification, offering a unique opportunity to invest in a combined equity and debt tokenization instrument.
This move follows Zoniqx’s previous collaboration with Ripple, where they integrated multi-asset tokenization features on the XRP Ledger. Ripple has a strong focus on real-world asset tokenization and aims to become a key player in the sector, which experts predict will be worth trillions of dollars. Ripple’s CLO Stuart Alderoty has identified asset tokenization as one of the company’s three key pillars.
Ripple CTO David Schwartz believes that the collaboration between Aurum and Zoniqx demonstrates the potential of blockchain technology in harnessing asset tokenization. He emphasizes that private equity tokenization is an emerging utility in the real-world asset sector and that the XRP Ledger is well-positioned for increased liquidity and use cases. Additionally, Ripple Lab is awaiting regulatory approval for the launch of the RLUSD stablecoin, which will further enhance the XRP Ledger’s capabilities.
It’s important to note that this article is for informational purposes only and should not be considered financial advice. Readers are advised to conduct thorough research before making any investment decisions.