Ripple Backs ZILO And Licuido To Scale XRPL Tokenization

Ripple has made strategic investments in two UK-based fintech firms, ZILO and Licuido, as it pushes deeper into institutional capital markets on the $XRP Ledger. The investments were announced on August 3, adding the two United Kingdom-based firms to Ripple's digital capital markets strategy on the XRP Ledger.

What ZILO and Licuido Bring to XRPL

The two firms address distinct but complementary gaps in the institutional tokenization stack. ZILO is a UK-based, AI-driven technology company specialising in global asset and wealth management software, and it provides regulated transfer agency and fund administration technology, giving asset managers and custodians the compliant ownership records and operational infrastructure required to support tokenized funds at institutional scale. The platform tracks legal ownership in real time as assets change hands, enabling institutions to extend the use of digital assets into collateral, margin, repo, and treasury workflows.

Licuido, which already supplied the tokenization infrastructure for Aviva Investors' recently launched USD Liquidity Fund on XRPL, covers the distribution and trading side. Its platform handles token issuance, distribution and secondary trading, with tokenized fund units designed for use as collateral. Licuido Markets Limited is an appointed representative of Sapeno Partners LLP, which the Financial Conduct Authority authorizes and regulates.

RLUSD as the Settlement Layer

RLUSD, Ripple's U.S. dollar-backed stablecoin, acts as the regulated settlement asset for delivery-versus-payment transactions, enabling tokenized assets to be used as collateral immediately while reducing counterparty risk through simultaneous settlement. In that model, the tokenized asset and payment settle together on XRPL rather than moving through separate systems at different times.

The investments follow a broader institutional momentum on the ledger. Ripple and Aviva Investors went live on July 29, 2026, with a tokenized share class of the Aviva Investors USD Liquidity Fund on the XRP Ledger, the first tokenized fund structure approved by the Central Bank of Ireland on a public blockchain. Ripple has framed tokenization as only the starting point, with its institutional platform combining token issuance, secure custody, collateral management, multi-currency investment capabilities, and atomic settlement.

Ripple disclosed no investment amounts, leaving financial terms and resulting ownership stakes unknown to investors.

Sources:
Ripple invests in 2 firms to scale XRPL tokenization – crypto.news
Zilo ships digital transfer agency platform, agrees deal with Ripple – Finextra
Ripple positions XRP Ledger as backbone of next-generation capital markets – CoinPaper