Aurum Equity Partners announced the launch of a $1 billion tokenized fund on the XRP Ledger blockchain, linked to Ripple. The fund will invest in data centers in the USA, UAE, Saudi Arabia, India, and Europe, claiming it to be the "world’s first tokenized fund combining equity participation and debt instruments."
The fund utilizes Zoniqx’s technology to tokenize financial instruments, marking a significant milestone for XRP Ledger and Ripple Labs in the area of real-world asset (RWA) tokenization, which could reach trillions of dollars in the coming years.
Ripple is also awaiting regulatory approval from New York authorities to launch a stable_coin, which will improve liquidity and support asset tokenization on the XRPL network.
