Ripple Makes Strategic Investments in UK Firms ZILO and Licuido to Strengthen Capital Markets Infrastructure on XRPL
Key Takeaways
- •Ripple has made undisclosed strategic investments in UK-based firms ZILO and Licuido to strengthen capital markets infrastructure on the XRP Ledger, building on pre-existing partnerships.
- •ZILO specializes in transfer agency and fund administration technology for tokenized assets, while Licuido focuses on the issuance and execution of traditional assets as digital collateral.
- •The investments follow Ripple's February 2026 partnership with Aviva Investors, a fund manager overseeing $345 billion in net assets, to tokenize fund structures on the XRPL.
- •The XRP Ledger is preparing for a major upgrade called xrpld 3.3.0, which includes features designed to enhance tokenization and institutional finance capabilities.
- •Ripple is a member of a 54-firm UK government task force tasked with developing live tokenization use cases in wholesale financial markets, alongside firms such as BlackRock, Goldman Sachs, and J.P. Morgan.
Ripple has made strategic investments in two UK-based companies, ZILO and Licuido, to expand its capital markets infrastructure built on the XRP Ledger (XRPL), a Layer-1 blockchain designed for payments and institutional asset tokenization. The company announced the investments on Monday, August 3, 2026. Financial terms of the deals were not disclosed.
Ripple stated that the investments build on already-existing partnerships with both firms.
ZILO and Licuido's Roles
ZILO provides transfer agency and fund administration technology designed for managing tokenized assets. Licuido focuses on the issuance, distribution, and execution of traditional assets as digital collateral. Through these partnerships, Ripple intends to leverage both firms' capabilities to deliver regulated transfer agency, issuance, and collateral mobility to capital markets operating on the XRPL.
The announcement follows Ripple's official press release detailing the investments.
Extending a Broader Capital Markets Strategy
The investments extend a capital-markets strategy that Ripple has been assembling publicly for months. In February, as reported by Cryptopolitan, Ripple partnered with Aviva Investors — a fund manager overseeing $345 billion in net assets as of 2025 — to tokenize fund structures on the XRPL. Tokenization of traditional financial assets has drawn growing interest from major institutions seeking operational efficiencies in issuance, settlement, and collateral management.
Nigel Khakoo, SVP of Trading and Markets at Ripple, emphasized that the real value of tokenization lies in the ability to trade, settle, borrow, and lend the resulting tokens.
"ZILO and Licuido provide core capabilities that are essential to further scaling this shift: regulated digital transfer agency infrastructure and liquidity for issuance and collateral mobility," Khakoo said.
XRPL Upgrades and Tokenization Push
Ripple has been actively advancing its tokenization initiatives while preparing the XRPL for the broader shift toward institutional digital finance. On August 1, Cryptopolitan reported that the XRPL is preparing for its next major upgrade, designated "xrpld 3.3.0," which is expected to be released the following week. The upgrade includes features designed to enhance tokenization and institutional finance capabilities.
UK Government Tokenization Task Force
Ripple is also a member of a 54-firm task force established by the UK government to advance tokenization in the country's wholesale financial markets. Participating firms are expected to develop live, end-to-end use cases, beginning with tokenized repo over the next 12 months. Other members of the task force include Circle, Coinbase, BlackRock, Goldman Sachs, J.P. Morgan, and Morgan Stanley. The initiative reflects the UK's broader effort to position London as a competitive hub for digital asset innovation alongside jurisdictions such as the EU, which has implemented its Markets in Crypto-Assets (MiCA) regulatory framework.