Aurum Equity Partners Launches $1 Billion Tokenized Fund on XRP Ledger
Aurum Equity Partners has launched a pioneering $1 billion fund on the XRP Ledger, combining tokenized equity and debt.
This fund targets investments in data centers across the US, UAE, Saudi Arabia, India, and Europe, and is promoted as the “world’s first combined equity and debt tokenized fund.” Powered by Zoniqx’s asset tokenization technology, it aims to improve the management of traditionally illiquid assets.
This initiative marks a significant milestone for both the XRP Ledger and Ripple Labs, highlighting their commitment to the growing market of real-world asset (RWA) tokenization. Industry reports anticipate this sector could reach trillions of dollars as institutional interest in blockchain applications for financial instruments increases.
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Additionally, Ripple is seeking regulatory approval for a stablecoin pegged to the US dollar, aimed at enhancing liquidity and facilitating asset tokenization on the XRP Ledger. Ripple President Monica Long noted that this stablecoin could help navigate the company’s ongoing legal challenges with the SEC.
David Schwartz, Ripple’s CTO, highlighted the importance of private equity tokenization in addressing illiquidity and access issues. Meanwhile, the XRP Ledger continues to be recognized for its secure and efficient transaction capabilities.
In a recent development, Ripple partnered with MetaMask to enable its 30 million monthly active users to interact directly with the XRP Ledger, increasing accessibility for both developers and retail users.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
