Ripple Bets on ZILO, Licuido to Deepen XRPL Capital Markets Push

Ripple announced on August 3 that it has made strategic investments in ZILO and Licuido as part of a broader push to expand digital capital markets infrastructure on the XRP Ledger. The deals are aimed at adding regulated transfer agency, issuance, and collateral mobility capabilities to Ripple’s institutional platform.

ZILO provides transfer agency and fund administration technology for asset managers, custodians, and transfer agents, while Licuido operates a tokenization and trading platform focused on digital ownership and asset liquidity. Ripple said the integrations are designed to support tokenized share classes, on-chain collateral movement, and atomic settlement using XRPL infrastructure.

According to Ripple’s official announcement, the investments build on existing partnerships with both firms. The company said ZILO and Licuido will help institutions issue, distribute, and use tokenized traditional assets more efficiently, including as collateral in lending, borrowing, and margin-related activity.

The move comes after Ripple’s earlier tokenization work with Aviva Investors, Franklin Templeton, and DBS, as the company looks to position XRPL as infrastructure for regulated capital markets activity. Ripple has also pointed to RLUSD as the cash leg for delivery-versus-payment transactions.

Market participants are watching whether the latest backing can shift attention from tokenization pilots toward more usable institutional settlement and collateral systems on XRPL.