Aurum Equity Partners, a private equity firm, announced on Tuesday the launch of a $1 billion tokenized equity and debt fund on the XRP Ledger (XRP), an enterprise-focused blockchain associated with Ripple. The fund will concentrate on data center investments across the U.S., United Arab Emirates, Saudi Arabia, India, and Europe, and is described as the “world’s first combined equity and debt tokenized fund.”
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The fund utilizes technology from San Francisco-based tokenization provider Zoniqx to create security tokens representing the underlying financial assets. This launch is a significant step for XRP Ledger and Ripple Labs as they aim to capture a share of the growing real-world asset (RWA) tokenization market. Institutional investors are increasingly adopting blockchain technology to tokenize traditional financial products like bonds, credit, and equity, seeking operational efficiency and faster, 24/7 settlements. According to reports from McKinsey, BCG, 21Shares, and Bernstein, the RWA market could grow to trillions of dollars in the coming years.
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Ripple is also awaiting approval from New York regulators to launch its U.S. dollar stablecoin, which will enhance liquidity and support institutions in tokenizing and settling financial assets on the XRPL network, Ripple Labs President Monica Long said at the company’s annual Swell conference.
David Schwartz, the chief technology officer of Ripple and co-creator of the XRP Ledger, stated that the tokenization of private equity represents a developing application within the realm of real-world assets (RWA), tackling challenges related to illiquidity and restricted market access.
He further emphasized that Aurum and Zoniqx are exemplifying the potential of XRPL’s secure and efficient transaction processing to improve the management of real-world assets on a decentralized blockchain platform.
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