Ripple Invests in ZILO and Licuido to Expand Digital Capital Markets Infrastructure

Ripple, the blockchain-based enterprise infrastructure provider, has made strategic investments in ZILO and Licuido, adding regulated transfer agency, issuance and collateral mobility capabilities to its platform on the XRP Ledger. The deals build on existing partnerships between the three companies and mark Ripple's latest move to expand infrastructure for institutional investors moving traditional assets onchain.

ZILO provides transfer agency and fund administration technology that gives asset managers, custodians and transfer agents digital record-keeping for tokenized share classes. Licuido operates a tokenization and trading platform that lets traditional financial assets, including fund shares, move as digital collateral through onchain settlement. Nigel Khakoo, SVP of trading and markets at Ripple, said the two firms provide capabilities essential to scaling tokenized fund structures, pointing to existing partnerships with Aviva Investors, Franklin Templeton and DBS as evidence of institutional demand.

The investments address a gap in capital markets infrastructure that predates institutional digital assets, where collateral often sits idle and settlement can lag. Ripple's platform pairs issuance, custody and atomic settlement with its RLUSD stablecoin as the cash leg for delivery versus payment transactions. The moves extend Ripple's earlier collaboration with Aviva Investors to tokenize fund structures on the XRP Ledger, continuing its buildout of regulated infrastructure for asset managers, custodians and transfer agents entering digital markets.