Ripple bets on infrastructure as tokenized funds exit pilot phase

To capture this emerging market, Ripple announced strategic investments in ZILO and Licuido. These firms provide the specialized tools for transfer agency, token issuance, and collateral mobility that were previously missing from the XRP Ledger ecosystem. The move follows the July 29 launch of a tokenized share class for Aviva Investors’ U.S. Dollar Liquidity Fund, which utilized the ledger for its first regulated blockchain-based product.

While the Aviva launch serves as a concrete indicator of institutional adoption, the scale of this transition remains unverified. Ripple has not disclosed transaction volumes, the financial terms of its new investments, or the specific number of institutions currently utilizing its full capital markets stack. The company intends to integrate its RLUSD stablecoin into these workflows, aiming to facilitate atomic delivery-versus-payment settlements that reduce counterparty risk. The true measure of this strategy will depend on whether asset managers adopt the ZILO and Licuido platforms for broad, high-volume trading rather than limited trials.