Ripple, a provider of blockchain-based enterprise solutions for traditional and digital finance, has made strategic investments in ZILO and Licuido to strengthen its tokenised capital markets infrastructure and expand institutional capabilities on the XRP Ledger (XRPL).
The investments build on Ripple’s existing relationships with both companies and will bring regulated transfer agency, fund issuance and collateral mobility capabilities onto its blockchain infrastructure. Together, the partnerships are designed to help financial institutions issue, manage and mobilise tokenised assets within a compliant framework.
Ripple said the investments address longstanding inefficiencies across capital markets, where legacy infrastructure continues to limit the movement of collateral, slow settlement processes and restrict liquidity. Through its institutional platform, Ripple combines digital asset issuance, custody, collateral management, multi-currency investment capabilities and atomic settlement, with its RLUSD stablecoin acting as the regulated cash leg for delivery-versus-payment transactions. Tokenised funds can also be pledged as collateral immediately after issuance, allowing assets to be deployed more efficiently.
ZILO provides transfer agency and fund administration technology that enables asset managers, custodians and transfer agents to support tokenised fund share classes while maintaining digital shareholder records. Licuido operates a tokenisation and digital trading platform that enables the issuance, distribution and trading of traditional financial assets, including fund shares, while allowing those assets to be used as digital collateral.
The investments also support Ripple’s wider tokenisation strategy. Earlier this year, the company announced a collaboration with Aviva Investors to tokenise traditional investment funds on the XRPL, with Ripple providing the token standard alongside partners including ZILO and Licuido across regulated issuance, custody and distribution. Since launching in 2012, the XRP Ledger has processed more than four billion transactions, supports more than seven million active wallets and is maintained by 120 independent validators.
Ripple SVP, trading and markets Nigel Khakoo said, “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 founder and CEO Phil Goffin added, “As fund structures move onchain, transfer agents and asset managers need infrastructure that can handle tokenized share classes without adding operational risk. Ripple’s investment enables us to accelerate that work by bringing digital market utility and efficiency directly into our platform for the institutions we serve.”
Licuido CEO and co-founder Brian Lynch also commented, “Tokenization, by itself, only solves part of the challenge of unlocking liquidity. Licuido’s platform allows clients to take the next step by delivering issuance, distribution and utility, within a controlled, confidential, and regulated digital capital markets platform.
“Ripple’s backing helps us to scale that infrastructure and our collateral marketplace, on the XRPL, helping institutions turn assets that have sat idle on their balance sheets into liquidity they can actually use,” he said.
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