Ripple has invested in UK fintech firms ZILO and Licuido to integrate regulated fund record-keeping and collateral trading onto the XRP Ledger. The investment amounts and stake sizes were not disclosed. ZILO, founded in 2020, provides digital transfer agency software for asset managers and custodians. The company raised $33.7 million in a 2024 Series A and $26.2 million in a Series A2, with State Street among its clients. Licuido operates a tokenisation platform handling issuance and trading, enabling tokens to act as collateral through onchain settlement. The firm supplied technology for Aviva Investors' tokenised share class, which launched on XRP Ledger on 29 July. Ripple will use its RLUSD stablecoin for settlement on these trades. The company previously helped tokenise abrdn's $5.1 billion money market fund in November 2024.

ZILO(TM) launches fully integrated Digital assets and Transfer Agency platform; announces new strategic partnership with Ripple. * Blockchain * 03.08.2026 09:29 am ZILO(TM), the UK-based, AI-driven technology company specialising in global asset and wealth management software, announces the launch of its fully integrated Digital Transfer Agency platform - the first to unify traditional mutual fund administration with digital asset capabilities including digitally native issuance, all within a single platform. Alongside this, ZILO announces a strategic partnership with Ripple, a leader in enterprise blockchain-based financial infrastructure. ZILO provides institutional clients with a single integrated platform approach that eliminates the need for separate technology stacks for digital and traditional assets, reducing operational complexity and cost for asset managers and fund administrators. The platform enables clients to: - Mint and tokenise traditional fund units (digital twin) on distributed ledger infrastructure - Issue digitally native securities and atomically settle on-chain - Facilitate on-chain compliance and collateral mobility - Manage both traditional and digital assets through a unified operational framework - Leverage ZILO's existing enterprise-grade Transfer Agency capabilities: settlement, reconciliation, payments, corporate actions, and regulatory reporting, across both asset types. ZILO continues to grow its client base including systemically important global financial institutions. As part of this announcement, Ripple joins ZILO as a strategic investor. The partnership brings together ZILO's institutional fund administration expertise with Ripple's digital capital markets infrastructure built on the XRP Ledger (XRPL). ZILO is providing Ripple with a Digital Transfer Agency (DTA) solution, extending ZILO's platform capabilities to serve Ripple's growing institutional client base in digital capital markets. The partnership positions both companies at the forefront of the convergence between traditional finance and digital assets. At the centre of the platform is a configuration-led approach to asset design. Fund structures, share classes, and jurisdictional rules are set through an intuitive interface, which the platform then translates into logic ready for on-chain deployment, removing the need for institutions to write code or rely on developer resources to bring an asset to market or adapt it as regulatory requirements evolve. 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 with full lifecycle visibility and full confidence in who owns what at any given moment. "The future of fund administration is not a choice between traditional and digital; it is the seamless integration of both. ZILO has built the only platform that treats transfer agency as a single capability regardless of whether the underlying asset is a traditional mutual fund or a tokenised product. Our partnership with Ripple reinforces this vision and accelerates our ability to deliver transformative infrastructure to the world's largest financial institutions," comments Phil Goffin, Founder & CEO, ZILO.