Aurum Launches $1B Tokenized Fund for Data Center Investments on XRP Ledger With Zoniqx

Private equity firm Aurum Equity Partners said Tuesday it is launching a $1 billion tokenized equity and debt fund on the XRP Ledger (XRP) network, an enterprise-focused blockchain closely associated with Ripple. The fund leverages tech by San Francisco-based tokenization service provider Zoniqx to create security tokens of the underlying financial instruments. The issuance marks a milestone for XRP Ledger and development firm Ripple Labs' newfound ambition to claim a share of the booming RWA tokenization space. The RWA market could grow to trillions of dollars over the next few years, various reports from McKinsey, BCG, 21Shares and Bernstein estimated.

Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!

iOS: https://links.hashd.co/ios

Android: https://links.hashd.co/android