🔥Now Ripple is a shareholder alongside a global custody bank.
$XRP
Ripple has bought stakes in two small UK companies, ZILO and Licuido. Both provide elements that the XRP Ledger (XRPL) needs before large funds can use it.
Ripple didn’t say how much it paid. The deals were finalized five days after Aviva Investors placed a fund on XRPL as a token.
What does Ripple’s investment in ZILO and Licuido mean?
ZILO is a London-based company founded in 2020. It sells software that keeps track of who owns each share in a fund. That record is the fund’s official ledger. The ledger matters. No bank will accept a fund token as collateral unless it trusts the ownership record.
ZILO’s client list says a lot. State Street chose ZILO to manage its fund ledger in the UK and then invested in the company. Citi and Fidelity International also use it. Now Ripple is a shareholder alongside a global custody bank.
$HOME $BANK
$XRP
Ripple has bought stakes in two small UK companies, ZILO and Licuido. Both provide elements that the XRP Ledger (XRPL) needs before large funds can use it.
Ripple didn’t say how much it paid. The deals were finalized five days after Aviva Investors placed a fund on XRPL as a token.
What does Ripple’s investment in ZILO and Licuido mean?
ZILO is a London-based company founded in 2020. It sells software that keeps track of who owns each share in a fund. That record is the fund’s official ledger. The ledger matters. No bank will accept a fund token as collateral unless it trusts the ownership record.
ZILO’s client list says a lot. State Street chose ZILO to manage its fund ledger in the UK and then invested in the company. Citi and Fidelity International also use it. Now Ripple is a shareholder alongside a global custody bank.
$HOME $BANK