Private equity firm Aurum Equity Partners has announced the launch of a landmark $1 billion tokenized equity and debt fund on the XRP Ledger, a blockchain closely linked to Ripple.
This fund will focus on investments in data centers in various regions, including the United States, United Arab Emirates, Saudi Arabia, India and Europe, and will be, in the firm’s words, “the world’s first combined equity and debt tokenized fund.”
The fund is powered by tokenization technology from San Francisco-based service provider Zoniqx, which will create security tokens that represent underlying financial instruments. By leveraging the XRP Ledger, Aurum is stepping into the realm of real-world asset (RWA) tokenization, a market attracting institutional interest due to the potential for improved operational efficiency and faster, around-the-clock payments. Industry reports from McKinsey, BCG, 21Shares and Bernstein show that the RWA market could reach trillions of dollars in the coming years.
This tokenized fund is seen as a major milestone for both XRP Ledger and Ripple Labs.
Ripple Labs President Monica Long recently touted the company’s efforts to expand in this space, noting the expected approval from New York state regulators for a US dollar stablecoin that would increase liquidity and support institutions in tokenizing and settling assets on the XRP Ledger. “Tokenizing private equity is another emerging use case in RWA, addressing issues of lack of liquidity and limited access in these markets,” said David Schwartz, Ripple’s Chief Technology Officer and co-creator of the XRP Ledger.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/xrpyi-ilgilendiren-1-milyar-dolarlik-yeni-gelisme-var/
