Monday, August 3, 2026 · XRPTRACER news
By XRPTRACER Research Team
Ripple has announced strategic investments in ZILO and Licuido, two London companies it already works with on tokenized funds. ZILO runs digital transfer agency technology; Licuido runs tokenization and collateral trading. Ripple says the deals bring regulated transfer agency, issuance and collateral mobility to its infrastructure on the XRP Ledger. Amounts and stake sizes weren't disclosed.
XRP market moves
XRP opened August 3 (00:00 UTC) at about $1.09, with a market cap near $67.9B (CoinGecko daily history). That's up from about $1.06 on August 1 and 2, a modest bounce after the August escrow cycle. The $1.05 floor held through the weekend. The next test overhead is the $1.10–$1.14 zone that capped late July.
Wall Street keeps building
ZILO. ZILO sells transfer agency and fund administration software to asset managers, custodians and transfer agents. Transfer agents keep the official register of who owns a fund. When a fund issues a tokenized share class, that register still has to match what's on-chain. ZILO's pitch is a single platform for both. Founded in London in 2020 by Phil Goffin, it raised $33.7M in a 2024 Series A and $26.2M in a 2025 Series A2, and lists State Street among its live clients, per Cryptonews Australia.
Licuido. Licuido handles issuance, distribution and trading of tokenized assets, and lets fund shares be used as collateral through on-chain atomic settlement. Licuido says its platform aims to unlock liquidity from the $10 trillion held in money market funds worldwide. Its markets arm, Licuido Markets, is an appointed representative of Sapeno Partners LLP, which is authorized by the UK Financial Conduct Authority.
The Aviva link. Five days ago, Aviva Investors launched a tokenized share class of its US Dollar Liquidity Fund on XRPL, using Licuido's tokenization infrastructure. Ripple says it defined the token standard for that work and partnered with ZILO and Licuido on issuance, distribution and custody. Today's deals convert those partnerships into ownership stakes.
Question everything
The Aviva tokens launched as non-transferable: they can be minted and redeemed but not moved between wallets, per Ledger Insights. Collateral mobility, Licuido's core pitch, needs tokens that can move. So the piece Ripple just invested in is exactly the piece that isn't live in the Aviva product yet. Ripple also hasn't disclosed deal sizes, stakes, client counts or launch dates for the combined services.
What people are talking about
The XRP community reads the deals as Ripple building a full tokenized-fund stack on XRPL: register (ZILO), issuance and collateral (Licuido), custody (Ripple's own custody business) and cash leg (RLUSD). That's a fair description of the strategy. Tokenization analysts want to see volumes before calling it working.
On-chain data
- XRP price: about $1.09 at 00:00 UTC (CoinGecko)
- Market cap: about $67.9B (CoinGecko)
- XRPL real-world assets: about $4.37B distributed plus represented, per RWA.xyz data cited by crypto.news on July 29
- Aviva token class size, ZILO and Licuido volumes on XRPL: not disclosed
Flows and macro
US spot XRP ETFs ended July with a +$14.78M day on July 31, per XRP Insights, taking July to about +$28.8M. August opens with net supply from the escrow at the usual 300M XRP after Ripple re-locked 700M before the release. The Clarity Act stays on hold until the Senate returns from its August recess.
What to watch next
- Aviva token transferability: the switch that would make Licuido's collateral model real
- New funds on ZILO and Licuido's XRPL rails beyond Aviva
- RLUSD as the cash leg in tokenized fund settlement
- Deal terms, if either company discloses them
The XRPTRACER take
This is Ripple buying the dull but necessary parts of tokenized finance: the ownership register and the collateral market. It's consistent and it's patient. For XRP holders, the payoff depends on these funds becoming active on-chain, not just listed there. We're logging both deals on the Catalyst Tracker and tracking XRPL RWA totals on the Dashboard.
Sources: Ripple: investments in ZILO and Licuido · Licuido: strategic investment from Ripple · Cointelegraph: Ripple invests in Zilo and Licuido · Cryptonews Australia: Ripple's UK investments · Ledger Insights: Aviva MMF token · CoinGecko XRP history · XRP Insights ETF flows
Price is CoinGecko's daily snapshot at 00:00 UTC on August 3, 2026. ETF flows through July 31.
Not investment advice. See our Disclaimer.
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