Ripple Invests in Two UK Companies to Expand Use of the XRP Ledger
Ripple has acquired stakes in two London-based firms, ZILO and Licuido, aiming to enhance functionality on the XRP Ledger (XRPL) for institutional adoption. These investments follow Aviva Investors' recent launch of a fund tokenized on XRPL. ZILO provides critical infrastructure by managing ownership records within funds—essential for trust among lenders—and is already used by major financial institutions like State Street, Citi, and Fidelity International. Licuido complements this with its platform that turns fund shares into tokens and allows borrowing against them without selling the underlying assets. However, Licuido operates under a third-party UK Financial Conduct Authority (FCA) license rather than holding one directly. Together, these firms address an issue where tokenized funds remain largely unused. Despite Ripple's efforts to expand XRPL’s utility through partnerships like Aviva and RLUSD integration for settlements, XRP itself plays only a minor role in the ecosystem—primarily covering minuscule network fees that are destroyed after use. The ledger has burned about $15 million worth of XRP over 14 years.
Tickers: $STT
Topics: Licuido Ripple tokenized funds XRP Ledger (XRPL) ZILO