Ripple Backs Licuido and ZILO to Build Out XRPL Capital Markets Infrastructure

Ripple said it has made strategic investments in Licuido and ZILO to expand capital markets capabilities on the XRP Ledger (XRPL), adding regulated transfer agency services, digital asset issuance and collateral mobility. In its press release, Ripple said the initiative is designed to support regulated workflows across its growing network, enabling tokenized financial products with compliant transaction processing, more flexible collateral movement and issuance tools for digital assets. The announcement follows Aviva Investors' tokenization of its US Dollar Liquidity Fund on XRPL, a move Ripple framed as further evidence of rising institutional interest in blockchain-based capital markets. Ripple said the investments deepen existing relationships with both firms and are intended to improve the efficiency of compliant financial activity. The company argued that traditional market infrastructure continues to rely on legacy systems that can limit liquidity and operational efficiency, leaving institutions to contend with settlement delays, fragmented processes and underutilized collateral. Ripple added that its institutional stack on XRPL brings together digital asset custody, issuance, multi-currency investment support, atomic settlement and collateral management. It also pointed to its $RLUSD stablecoin as a compliant cash leg for delivery-versus-payment transactions, enabling near-instant settlement of tokenized assets while keeping collateral available immediately after issuance. Nigel Khakoo, Senior Vice President of Trading and Markets at Ripple, said tokenization is only the first stage of broader digital asset adoption. He cited partnerships with Aviva Investors, DBS and Franklin Templeton as signs that major financial institutions are preparing for wider rollout of next-generation tokenized investment products. Ripple said the latest investments underscore its aim to build an integrated institutional network to accelerate adoption of tokenized assets across global capital markets.