Ripple Backs ZILO and Licuido for Tokenized Collateral

Ripple invested in ZILO and Licuido to add transfer agency, issuance and collateral mobility capabilities to its XRPL capital-markets infrastructure.

Ripple announced strategic investments in ZILO and Licuido on August 3. Ripple’s announcement and Cointelegraph’s independent report both describe the deals as an expansion of the company’s capital-markets infrastructure.

The two companies cover different parts of the operating stack. Ripple describes ZILO as a provider of transfer-agency technology for asset managers and wealth firms. It describes Licuido as a tokenization and trading platform for digital ownership and asset liquidity.

From issuance to usable collateral

Both sources say the intended capability set includes regulated transfer agency, issuance and collateral mobility on the XRP Ledger. That matters because minting an asset onchain is only one step; institutions also need records, distribution, settlement and a way to use the asset after issuance.

Ripple says its design allows tokenized funds to be used as collateral from the point of issuance and allows trades to settle atomically on XRPL. That is the company’s stated architecture, not evidence that every asset manager has adopted the model.

“Tokenization of assets is only the starting point: the real value lies in what can be done with a token, including buying, selling, and settling trades instantly, or using it as collateral to borrow, lend, or post margin.” — Nigel Khakoo, SVP, Trading and Markets at Ripple

What each investment adds

Ripple says ZILO’s technology supports digital record-keeping for tokenized share classes. Ripple says Licuido manages issuance, distribution and execution so traditional financial assets can move through onchain settlement infrastructure.

Cointelegraph reported that financial terms were not provided. The sources establish the strategic intent and product roles, but they do not provide investment amounts.

The practical read

This suggests Ripple is trying to connect token issuance with the administrative and collateral systems institutions need to use tokenized funds. The investment announcement does not prove market adoption; it defines the infrastructure Ripple is assembling.

The software layer is moving at the same time. Our coverage of the five amendments discussed for xrpld 3.3.0 explains the separate protocol changes being put before validators.

Sources

• Ripple — investments in ZILO and Licuido, August 3, 2026
• Cointelegraph — Zoltan Vardai, August 3, 2026