cryptonews.net
Aurum Equity Partners has launched a groundbreaking $1 billion fund on the XRP Ledger platform. The fund is aimed at investing in data centers in the US, UAE, Saudi Arabia, India, and Europe, and is presented as the “world’s first combined equity and debt tokenized fund.” Powered by Zoniqx’s asset tokenization technology, it aims to improve the governance of traditionally illiquid assets.
The initiative marks a major milestone for both XRP Ledger and Ripple Labs, highlighting their commitment to the growing real-world asset tokenization (RWA) market. Industry reports predict that the sector could reach trillions of dollars as institutional interest in blockchain applications for financial instruments grows. Additionally, Ripple is seeking regulatory approval for a U.S. dollar-pegged stablecoin to increase liquidity and facilitate asset tokenization on the XRP Ledger.
David SCHWARTZ, CTO of Ripple, emphasized the importance of tokenizing private equity to address illiquidity and access issues. The XRP Ledger continues to be recognized for its secure and efficient transaction capabilities. In a recent development, Ripple has teamed up with MetaMask to allow its 30 million monthly active users to interact directly with the XRP Ledger, increasing accessibility for both developers and retail users.
Designed by Freepik