Private equity firm Aurum Equity Partners has announced the launch of a $1 billion tokenized equity and debt fund on the XRP Ledger, which is closely associated with Ripple. This fund is targeted towards data center investments in several regions, including the United States, UAE, Saudi Arabia, India, and Europe, and is touted as the world’s first combined equity and debt tokenized fund. The fund utilizes Zoniqx, a San Francisco-based tokenization service, to issue security tokens representing the underlying financial instruments. This initiative represents a significant step for the XRP Ledger as it aims to capitalize on the growing market for tokenized real-world assets. Institutional investors are increasingly moving traditional financial products like bonds and equity onto blockchain networks to gain operational efficiency and faster settlements. Additionally, Ripple is currently seeking New York state approval for a U.S. dollar stablecoin to further enhance liquidity and support the tokenization and settlement of financial assets on the XRP Ledger.

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