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Important Ripple (XRP) Announcement, New Investments: August 3

Important Ripple (XRP) Announcement, New Investments: August 3

Ripple has expanded its digital capital markets strategy. The company announced today investments in Zilo and Lucuido – two firms that are focused on developing infrastructure for tokenized funds and institutional asset trading.

The move builds on existing partnerships with both firms. Ripple did not disclose the size of either investment.

Speaking on the matter was Nigel Khakoo, SVP, Trading and Markets at Ripple, who said: “… ZILO and Licuido provide core capabilities that are essential to further scaling this shift: regulated digital transfer agency infrastructure and liquidity for issuance and collateral mobility.

This is just the beginning of the journey, and we see a substantial opportunity to bring huge efficiencies to the investment sector over the next decade.” ZILO provides transfer agency and fund administration technology.

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