Ripple has made strategic equity investments in UK firms Zilo and Licuido to enhance infrastructure for tokenised assets, aiming to tackle fragmentation and accelerate market adoption for digital securities and collateral workflows.
Ripple has deepened its push into institutional tokenisation with equity investments in two UK firms, Zilo and Licuido, in a move designed to turn the XRP Ledger from a venue for issuing digital assets into a more complete market infrastructure for holding, financing and settling them.
The two companies had already been working with Ripple commercially, but the new stakes formalise a relationship that the group says is intended to address one of the sector’s biggest shortcomings: tokenised assets can be created relatively easily, yet often remain stranded once issued because the surrounding plumbing for transfer agency, collateralisation and cash settlement is fragmented or slow.
Zilo provides regulated transfer agency and fund administration, effectively maintaining the legal ownership record for tokenised fund shares as they move on-chain. That function matters because lenders and counterparties need a dependable register before they will accept tokenised positions as collateral. Licuido, meanwhile, offers an FCA-regulated platform for issuance, distribution and execution, giving traditional instruments a route into digital collateral workflows with atomic settlement.
Ripple’s own dollar-backed stablecoin, RLUSD, is meant to supply the cash leg for delivery-versus-payment transactions, allowing asset transfer and payment to settle together rather than in separate steps. The company says that combination creates a single operating model for tokenised fund assets, from issuance through to financing and settlement.
According to Ripple, the investments build on live deployments rather than experimental pilots. Licuido was already supporting the Aviva Investors USD Liquidity Fund, which went live on XRPL on 29 July 2026 and was described as the first tokenised fund structure approved by the Central Bank of Ireland on a public blockchain. BNY holds the underlying assets, while Komainu provides custody.
The broader strategy is consistent with Ripple’s other institutional partnerships. In September 2025, the company signed a memorandum of understanding with Franklin Templeton and DBS to list Franklin Templeton’s sgBENJI tokenised money market fund on the DBS Digital Exchange alongside RLUSD, with a stated ambition of using sgBENJI as repo collateral.
Ripple says the XRP Ledger has now processed more than four billion transactions since 2012 and is maintained by 120 independent validators. The group is also part of a UK government task force involving 54 firms that is working on live tokenised wholesale market use cases, including tokenised repo.
Nigel Khakoo, Ripple’s senior vice president of trading and markets, said in the company’s announcement that Zilo and Licuido supply “core capabilities” needed to scale regulated digital transfer agency infrastructure and collateral mobility.
The commercial terms of the investments were not disclosed. The real test, as with much of institutional tokenisation, will be whether the new stack helps turn tokenised fund units into assets that actually move through credit markets rather than sit idle on a ledger.
- https://cryptonews.com/news/ripple-zilo-licuido-xrpl-tokenization-capital-markets/ – Please view link – unable to able to access data
- https://cryptonews.com/news/ripple-zilo-licuido-xrpl-tokenization-capital-markets/ – Ripple has announced strategic equity investments in two UK-based firms, Zilo and Licuido, aiming to enhance the XRP Ledger’s capabilities in institutional capital markets. This move addresses challenges in tokenized asset management, such as idle tokens and inefficient settlement processes. Zilo provides regulated transfer agency and fund administration, while Licuido offers issuance and collateral mobility services. Together, they aim to create a comprehensive infrastructure for tokenized fund assets on the XRP Ledger, facilitating efficient financing, pledging, and settlement processes.
- https://www.oumla.com/ – Oumla offers enterprise-grade digital asset infrastructure, focusing on secure and scalable blockchain solutions for businesses and developers. Their services include the Oumla Financial Chain, which provides interbank settlement infrastructure for Shariah-compliant treasury products, and Capital Markets Tokenization, which enables tokenized issuance and lifecycle management for fund units, sukuk, and securities. Oumla’s platform is designed for regulated capital markets workflows within the Saudi market, leveraging the same custody infrastructure trusted by banks for Islamic repo settlement.
- https://www.coinarticle.com/article/ripple-expands-stablecoin-infrastructure-xrp-etf-milestone – Ripple has expanded its stablecoin infrastructure, building upon its existing payments and settlement platform. This expansion aims to strengthen Ripple’s role as a provider for digital asset settlement, though specific technical or commercial terms were not disclosed. Additionally, XRP exchange-traded funds (ETFs) have reached a new milestone in trading activity, reflecting growing institutional access to XRP through traditional investment vehicles following the approval of spot XRP ETFs earlier this year.
- https://arxiv.org/abs/2601.08853 – The paper introduces the Kladia Liquidity Deflator (KLD), an XRPL-based, debt-indexed token with supply dynamics responsive to a debt index derived from macroeconomic data. The model links indebtedness to deterministic adjustments in issuance, burns, and escrow release caps, creating a deflationary mechanism that strengthens as debt rises. With a fixed maximum supply of 10 billion KLD, the mechanism is implemented through XRPL oracles and governance, providing a transparent and mathematically grounded framework for a macro-responsive digital asset.
- https://xrpl.org/static/pdf/Whitepaper_the_future_of_asset_tokenization.pdf – The whitepaper discusses the transformation of the financial landscape driven by blockchain technology, particularly focusing on asset tokenization. It highlights the XRP Ledger (XRPL) as a leading blockchain for real-world financial use cases, emphasizing its reliability, speed, low cost, and deterministic execution. The paper introduces the Multi-Purpose Token (MPT) standard, embedding compliance, metadata, and control features directly into the protocol, enabling real-world use cases such as tokenized bonds, stablecoins, and money market funds.
- https://blockworks.com/news/flare-network-launches-fassets-with-fxrp-to-bring-xrp-into-defi – Flare Network has launched its FAssets protocol, beginning with FXRP v1.2, a synthetic version of XRP designed for use in decentralized finance (DeFi). This initiative allows XRP holders to mint FXRP on Flare and access lending, liquidity pools, and decentralized exchanges across the network. FAssets are designed to convert tokens like XRP into one-to-one representations secured through an overcollateralized system and Flare’s native data protocols, integrating XRP into DeFi platforms without intermediaries.
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
6
Notes:
The article reports on Ripple’s recent investments in Zilo and Licuido, aiming to enhance the XRP Ledger’s infrastructure. However, similar developments have been reported in the past, such as Ripple’s $500 million strategic investment round in November 2025, led by Fortress Investment Group and Citadel Securities. ([cryptonews.com](https://cryptonews.com/news/ripple-announces-500m-investment-round-led-by-fortress-and-citadel-securities/?utm_source=openai)) Additionally, Ripple’s expansion into stablecoin infrastructure was announced on July 27, 2026. ([coinarticle.com](https://www.coinarticle.com/article/ripple-expands-stablecoin-infrastructure-xrp-etf-milestone?utm_source=openai)) The article does not provide specific dates for the Zilo and Licuido investments, making it challenging to assess the freshness of this particular news. The lack of specific dates raises concerns about the timeliness of the information.
Quotes check
Score:
5
Notes:
The article includes direct quotes from Ripple’s senior vice president of trading and markets, Nigel Khakoo. However, these quotes cannot be independently verified through the provided sources. The absence of verifiable sources for these quotes diminishes their credibility.
Source reliability
Score:
4
Notes:
The article originates from CryptoNews.com, a niche publication focusing on cryptocurrency news. While it provides timely updates, its credibility may be questioned due to its specialized focus and potential biases. The lack of corroboration from major news outlets further raises concerns about the reliability of the information.
Plausibility check
Score:
7
Notes:
The claims about Ripple’s investments in Zilo and Licuido align with the company’s known strategic interests in expanding its digital asset infrastructure. However, the absence of specific dates and details about these investments makes it difficult to fully assess their plausibility. The lack of corroboration from other reputable sources adds to the uncertainty.
Overall assessment
Verdict (FAIL, OPEN, PASS): REVIEW
Confidence (LOW, MEDIUM, HIGH): MEDIUM
Summary:
The article reports on Ripple’s investments in Zilo and Licuido, aiming to enhance the XRP Ledger’s infrastructure. However, the lack of specific dates, verifiable quotes, and corroboration from major news outlets raises significant concerns about the freshness, originality, and reliability of the information. The absence of independent verification and the reliance on a niche publication further diminish the credibility of the content.