Private equity firm Aurum Equity Partners is launching a $1 billion tokenized equity and debt fund on the XRP Ledger network, which is closely associated with Ripple. The fund will focus on investments in data centers across several countries and aims to be the world's first combined equity and debt tokenized fund. The fund will utilize San Francisco-based tokenization service provider Zoniqx to create security tokens of the underlying financial instruments. This move is part of Ripple's ambition to claim a share of the booming real-world asset tokenization space. Ripple is also waiting for approval from New York state regulators to launch its US dollar stablecoin, which would improve liquidity and support the tokenization and settlement of financial assets on the XRP Ledger network.



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