Ripple Backs Zilo and Licuido to Expand XRPL Capital Markets

Ripple invested in Zilo and Licuido to expand the XRP Ledger’s institutional capital markets infrastructure. The deals add regulated fund administration, issuance, trading, settlement, and collateral tools for tokenized assets.

The investments target persistent capital markets constraints, including idle collateral, slow settlement, and limited options for mobilizing assets securely, confidentially, and compliantly.

Nigel Khakoo, Ripple’s senior vice president of trading and markets, stated:

“Tokenization of assets is only the starting point: the real value lies in what can be done with a token, including buying, selling, and settling trades instantly, or using it as collateral to borrow, lend, or post margin.”

Zilo provides transfer agency and fund administration technology for asset managers, custodians, and transfer agents managing tokenized share classes. Its infrastructure maintains regulated investor records as fund ownership moves onchain, supporting lending and collateral transactions without abandoning established compliance requirements. Those digital records give institutions the regulated ownership framework needed to operate tokenized lending and collateral markets with confidence.

Licuido operates a digital capital markets platform that manages asset issuance, distribution, execution, and liquidity. The system allows traditional financial instruments, including fund shares, to move through trading and collateral markets using atomic settlement on XRPL. Its platform is designed to provide that utility within a controlled, confidential, and regulated digital capital markets environment.

The investments bring additional capabilities to Ripple’s infrastructure across an asset’s full digital lifecycle, from regulated issuance and ownership records through trading, settlement, lending, and collateral deployment. Zilo and Licuido will now expand those capabilities as institutions move additional fund structures and financial instruments onto XRPL.