Ripple backs ZILO and Licuido to scale XRPL tokenization. Ripple has made strategic investments in ZILO and Licuido to build out regulated transfer agency, asset issuance, and collateral mobility on the XRP Ledger, with RLUSD serving as the settlement asset for institutional capital markets. Ripple has made strategic investments in two UK-based fintech firms, ZILO and Licuido, as it pushes deeper into institutional capital markets on the $XRP Ledger. The investments were announced on August 3, adding the two United Kingdom-based firms to Ripple's digital capital markets strategy on the XRP Ledger. What ZILO and Licuido Bring to XRPL. The two firms address distinct but complementary gaps in the institutional tokenization stack. ZILO is a UK-based, AI-driven technology company specialising in global asset and wealth management software, and it provides regulated transfer agency and fund administration technology, giving asset managers and custodians the compliant ownership records and operational infrastructure required to support tokenized funds at institutional scale. The platform tracks legal ownership in real time as assets change hands, enabling institutions to extend the use of digital assets into collateral, margin, repo, and treasury workflows. Licuido, which already supplied the tokenization infrastructure for Aviva Investors' recently launched USD Liquidity Fund on XRPL, covers the distribution and trading side. Its platform handles token issuance, distribution and secondary trading, with tokenized fund units designed for use as collateral. Licuido Markets Limited is an appointed representative of Sapeno Partners LLP, which the Financial Conduct Authority authorizes and regulates. RLUSD as the Settlement Layer. RLUSD, Ripple's U.S. dollar-backed stablecoin, acts as the regulated settlement asset for delivery-versus-payment transactions, enabling tokenized assets to be used as collateral immediately while reducing counterparty risk through simultaneous settlement. In that model, the tokenized asset and payment settle together on XRPL rather than moving through separate systems at different times. The investments follow a broader institutional momentum on the ledger. Ripple and Aviva Investors went live on July 29, 2026, with a tokenized share class of the Aviva Investors USD Liquidity Fund on the XRP Ledger, the first tokenized fund structure approved by the Central Bank of Ireland on a public blockchain. Ripple has framed tokenization as only the starting point, with its institutional platform combining token issuance, secure custody, collateral management, multi-currency investment capabilities, and atomic settlement. Ripple disclosed no investment amounts, leaving financial terms and resulting ownership stakes unknown to investors. (Advertisement)

Aviva Investors and Amro Partners expand Berlin PBSA portfolio. 31 July 2026 Tl;dr. * - Aviva Investors, in partnership with Amro Partners, has acquired a prime PBSA site in Berlin's Prenzlauer Berg district. * - The development is set to deliver 454 student beds, enhancing the local accommodation market amidst rising demand in this vibrant area. Aviva Investors has made a strategic investment in a prime site designated for purpose-built student accommodation (PBSA) in Berlin, collaborating with investment manager and development partner Amro Partners. This investment is part of a dedicated platform focused on the German PBSA sector, which was launched in October of the previous year. The development plan. The upcoming project is expected to provide 454 student beds, featuring a mix of fully furnished studios and shared apartments, each equipped with private bathrooms and kitchenettes. In addition to the living spaces, the development will boast numerous amenities, including a welcoming lobby, a fitness centre, study rooms, a cinema room, a landscaped courtyard, and a terrace, all designed to enhance the student living experience. Strategic significance. George Fraser-Harding, Head of European Real Estate Equity at Aviva Investors, expressed enthusiasm about extending their German PBSA platform alongside Amro Partners. He stated, "This reflects our ongoing commitment to delivering student housing in a market that is structurally undersupplied. Prenzlauer Berg is one of Berlin's most vibrant and popular neighbourhoods, and we believe this scheme will offer high-quality accommodation while supporting robust investment outcomes for our investors." Location and connectivity. The site is situated in the Prenzlauer Berg district, renowned for its rich culture, historic architecture, diverse cafés and restaurants, attractive parks, and lively public green spaces. This prime location benefits from excellent public transport links, including Berlin's extensive tram network, S-Bahn Ring, and U-Bahn, providing easy access to the city's leading higher education institutions. Broader implications for PBSA. Raj Kotecha, Chairman and Chief Executive of Amro Partners, noted that the acquisition represents a significant advancement in their German PBSA strategy. He highlighted that Berlin maintains strong demand fundamentals due to its world-class universities and international student appeal, coupled with a significant shortage of purpose-built student accommodation. This partnership with Aviva Investors allows Amro Partners to develop and operate a portfolio of high-quality, sustainable assets in key university markets across Germany. This acquisition marks the second investment made in Berlin through their collaborative platform, following a previous acquisition in Charlottenburg, which is expected to create an approximately €60 million scheme comprising 200 student rooms. Additionally, in July, Aviva Investors financed two PBSA schemes in Valencia, further demonstrating their commitment to expanding their presence in the European student accommodation sector.

Aviva chooses XRP Ledger for its tokenized Liquidity Fund and pushes RWA adoption forward. * Carrillo J.M. * Published: July 30, 2026 * 11:22 pm * Updated: July 30, 2026 * 11:22 pm Table of Contents * Tokenized Fund Launch: Aviva introduced a tokenized share class of its US Dollar Liquidity Fund on the XRP Ledger, marking its first on-chain fund and reinforcing regulated blockchain adoption. * Institutional Infrastructure: The fund uses a digital twin model, approved by the Central Bank of Ireland, with support from BNY Mellon, Komainu, and Licuido. * RWA Momentum: XRPL's programmable asset capabilities and upcoming ecosystem expansions, including Stellar wallet integration and RLUSD-powered payments. Aviva Investors has taken a notable step into blockchain finance by launching a tokenized share class of its US Dollar Liquidity Fund on the XRP Ledger. The move represents the firm's first tokenized product and the initial output of its partnership with Ripple, signaling a shift toward regulated, on-chain financial instruments that mirror traditional fund structures. Aviva's regulated fund goes on-chain. Instead of creating a new investment vehicle, Aviva opted to tokenize an existing regulated fund using a digital twin model. Each token reflects ownership of the off-chain fund and preserves its investment strategy, daily liquidity, risk profile, and regulatory protections. This approach allows investors to access the same familiar product while benefiting from blockchain's transparency, efficiency, and 24/7 accessibility. The structure has earned approval from the Central Bank of Ireland, making it the first regulatory-approved tokenized fund of its kind. The milestone shows that tokenized financial products can operate within established frameworks, strengthening institutional confidence in blockchain infrastructure. The launch is supported by major financial players: BNY Mellon safeguards the underlying assets, Komainu provides regulated digital asset custody, and Licuido delivers the tokenization technology that brings the fund onto the XRP Ledger. XRPL's institutional foundation. Ripple highlights that the XRP Ledger was designed for institutional asset tokenization, offering near-instant settlement, low fees, energy efficiency, and compliance-oriented features. Since 2012, the network has processed more than four billion transactions, supports nearly eight million wallets, and is secured by over 130 independent validators. Analysts say the significance extends beyond tokenizing a liquidity fund. As validator Vet explains, putting real-world assets on-chain transforms them into programmable financial instruments. On XRPL, these assets can eventually serve as collateral, provide liquidity on the decentralized exchange, or move globally with near-instant settlement. Investors can also self-custody their holdings without losing regulatory oversight. A broader RWA shift. Aviva's launch arrives as the XRP Ledger accelerates its push toward institutional tokenization. With growing regulatory acceptance and expanding infrastructure, the network is evolving into a settlement layer for globally accessible financial assets. Momentum continues with upcoming Stellar wallet integration, expected to bring 1.5 million users, and initiatives like RedotPay's RLUSD-powered payment card, which shows how tokenized assets can bridge investing and everyday payments.