Indian private equity firm Aurum Equity Partners has launched a $1 billion worth token fund on the XRP ledger, consolidating equity and debt assets. The investment firm’s new tokenization fund will establish data centers in major cities including the US, Europe, India, United Arab Emirates, and Saudi Arabia.
The fund will use Zoniqx’s asset tokenization solution and the Dynamic Compliant Interoperable Security Token Protocol, a multi-jurisdiction, global compliance-focused protocol that helps turn real-world assets into digital assets. is.
Aurum Equity Partners and XRP Fund Make Ripples
The fund plans to attract a wider range of investors, especially smaller investors who need access to large-scale infrastructure investments. The initiative aims to hit the ground running by giving investors access to more liquidity and allowing access to previously illiquid markets such as private equity and bonds. I’m here. The project leverages the XRP ledger to enable rapid transactions in the secondary market and ensure compliance with global regulations, including AML and KYC requirements.
“Private equity tokenization is another emerging use case in RWA that addresses the challenges of illiquidity and limited access in these markets,” said David Schwartz, CTO and co-founder of the XRP Ledger. “We are working on it.” Prashanth Karangi, Founder and CEO of Zoniqx, said the technology used by the company is designed to meet the future requirements of the financial sector and the company has He said he was enthusiastic about the opportunity to demonstrate his aptitude. market.
Venkat Bussa, CEO of Aurum Equity Partners, considers this partnership to be a milestone for the company. He further said that this partnership is in line with the company’s goal of embracing innovative technology to take its real estate venture capital and cloud infrastructure services to the next level.
Tokenization has experienced significant growth in recent years, with many experts predicting that the field could grow 50x by 2030. This growth is driven by the potential to integrate traditional financial assets such as real asset bonds with blockchain assets. The RWA tokenization market is estimated to be worth between 4 trillion and 30 trillion over the next five years.
At the time of writing, the XRP token price is $0.5264, with trading volume decreasing by 16.17% over the past 7 days. The launch of the tokenized fund was not very successful in terms of boosting the price of XRP.
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