Aurum Unveils $1B Tokenized Fund for Data Centers Using XRP Ledger
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Ripple’s XRPL Powers Aurum’s $1B Data Center Fund
Aurum Equity Partners has introduced a $1 billion tokenized fund that aims to focus on data center investments across regions such as the U.S., United Arab Emirates, Saudi Arabia, India, and Europe. This new vehicle claims to be the world's first to combine equity and debt tokenization, with the underlying financial instruments converted into security tokens using blockchain technology.
The fund operates on the XRP Ledger (XRPL), a blockchain network closely tied to Ripple. Partnering with tokenization service provider Zoniqx, Aurum seeks to address operational inefficiencies in traditional financial products like bonds and equity. The initiative marks a significant milestone as institutions increasingly shift toward blockchain for quicker, around-the-clock settlement and improved liquidity.
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Ripple, through its blockchain innovation, continues to make strides in the real-world asset (RWA) space, a market poised to expand into the trillions over the next few years. Various reports from McKinsey and Bernstein project enormous growth as institutional investors explore blockchain-based solutions for managing financial products more efficiently.
Ripple’s involvement in this fund signals its growing ambitions in tokenizing real-world assets. The company is awaiting approval from New York regulators for a U.S. dollar stablecoin, which would play a pivotal role in supporting liquidity and enabling institutions to tokenize and settle financial assets on the XRPL.
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David Schwartz, Ripple’s chief technology officer, emphasizes how tokenizing private equity can unlock new possibilities in markets where liquidity has been traditionally constrained. Using decentralized blockchain technology, Aurum and Zoniqx demonstrate how real-world assets like private equity can be more effectively managed, addressing longstanding challenges in these markets.
This article has been refined and enhanced by ChatGPT.
