Aurum Equity Partners Announces $1B Tokenized Fund on XRP Ledger

Aurum Equity Partners, a private equity firm from India, has launched token funds worth $1 billion on the XRP ledger, bringing equity and debt assets together. The new tokenized fund by the investment firm will establish data centers in major cities like the United States, Europe, India, United Arab Emirates, and Saudi Arabia. 

The fund is going to use Zoniqx’s asset tokenization solutions along with the Dynamic Compliant Interoperable Security Token protocol, a protocol focused on global compliance in multiple jurisdictions that helps turn real-world assets into digital ones.

Aurum Equity Partners & XRP Fund Makes Waves

The fund plans to attract a broader spectrum of investors, especially smaller investors who otherwise may need access to investment in larger infrastructures.  This initiative aims to hit the ground running by allowing investors to get access to more liquidity and granting access to previously illiquid markets such as private equity and debt.  By leveraging the XRP ledger, the project will allow swift secondary market trading and ensure compliance with global regulations, including AML and KYC requirements.

The CTO and co-founder of XRP Ledger, David Schwartz, quotes, ”  Tokenizing private equities is another emerging use case in RWA,  Tackling the challenges of illiquidity and limited access in these markets.” Prashanth Kalangi,  the founder and CEO of Zoniqx, mentioned that the technology used by the firm is engineered to accommodate the up-and-coming requirements of the financial sector, and the company is enthusiastic about the opportunity to showcase its aptitudes in the private equity marketplace.

Venkat Bussa, the CEO of Aurum Equity Partners, considers the partnership a milestone achievement for the firm.  He further stated that the partnership aligns with the company’s goal of employing innovative technologies to take their offerings to the next level in real estate venture capital and cloud infrastructure. 

Recent tokenization has seen substantial growth, with many experts predicting that the sector could expand by 50 times by 2030.  This growth is being driven by the potential to integrate traditional financial assets such as real assets bonds into blockchain assets.  It is estimated that the RWA tokenization market could be worth between four trillion and 30 trillion in the next five years. 

At press time, the XRP token is priced at $0.5264, with a 16.17% drop in its trading volume in the past 7 days. The launch of the tokenized fund has not had much luck in boosting XRP’s prices. 

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