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Ripple just made two new bets on institutional infrastructure. The company has invested in ZILO and Licuido — neither deal came with a disclosed dollar figure — as it tries to build out the plumbing for tokenized assets on the XRP Ledger.
ZILO handles transfer agency and fund administration for tokenized share classes. That’s pretty much the back-office machinery that institutional funds need before they can actually move tokenized positions around. Licuido, which is regulated in the UK, takes a different angle: it lets traditional assets function as digital collateral. Put them together and Ripple is basically assembling a toolkit that lets institutions issue tokenized assets, transfer them, and pledge them as collateral — all running on the XRP Ledger. No timelines were given. No financial specifics either. Ripple wants the infrastructure in place; the details of when it goes live remain murky.
The logic isn’t hard to follow. Tokenized real-world assets have become one of the more serious conversations in institutional finance, and Ripple wants to own a slice of that settlement layer. ZILO and Licuido fill gaps that Ripple probably can’t build fast enough on its own.
Mastercard Buys BVNK, Ripple Partnership Carries Over
Mastercard has closed its acquisition of BVNK, a stablecoin infrastructure company that already supports XRP deposits and payments. BVNK was an existing Ripple partner before the deal, and that relationship carries into Mastercard’s Crypto Partner Program. The stated goal is bridging traditional money and digital currencies — which is a fairly standard line from payment networks these days, but the BVNK acquisition gives Mastercard actual infrastructure to back it up rather than just a roadmap slide.
For Ripple, it’s a complicated development. A close partner just got absorbed by one of the largest payment networks on earth. That could mean more reach for XRP-linked stablecoin flows. Or it could mean Mastercard eventually steers BVNK’s capabilities in directions that don’t prioritize XRP. Unclear yet which way that goes.
And Ripple’s RLUSD is showing up in more places. Flare’s wrapped XRP token, FXRP, won approval as collateral inside a $280 million RLUSD lending vault managed by Sentora. The vault runs through Morpho Blue’s isolated market structure on Ethereum. Users can borrow RLUSD while keeping their XRP exposure intact — which is the kind of DeFi utility that XRP holders have been waiting years for.
FXRP Collateral Process Is Complicated
But the process to get there isn’t simple. Users have to mint FXRP on Flare, bridge it over to Ethereum, then deposit it on Morpho. Three steps across two different networks before you can borrow a dollar of RLUSD. That friction probably limits who actually uses it in practice — mostly sophisticated DeFi participants, not casual retail holders. Still, a $280 million vault is a real number, and getting FXRP approved as collateral inside it is a meaningful step for Flare’s ecosystem and for XRP’s broader DeFi footprint.
XRP ETF Flows Slow, Price Sits at Key Support
XRP exchange-traded funds pulled in $27 million in net inflows during July. Positive, sure. But slower than prior months, and that gap matters. Institutional momentum seems to be cooling, or at least pausing. The money is still coming in — just not at the pace that made earlier months look like a breakout moment for XRP investment products.
Price-wise, XRP is sitting around $1.07. It’s been struggling to clear its 20-day moving average near $1.08 and its 50-day around $1.12 — basically bumping its head on resistance while testing long-term support underneath. Analyst ChartNerd reads the current chart structure as a falling wedge forming near a six-year support zone. The setup, per ChartNerd, leaves room for a dip below $1 before any meaningful repricing higher. Not a prediction of collapse, but not a clean bullish setup either.
XRP has spent a lot of 2025 consolidating. The ETF inflows never turned into the sustained institutional buying wave that some expected after approval. The market is digesting a lot — Ripple’s legal history, new product rollouts, a broader crypto environment that’s been choppy. $27 million in monthly ETF inflows keeps the lights on, but it’s not the kind of number that drives price discovery.
Ripple’s broader bet is that the infrastructure moves — ZILO, Licuido, the BVNK connection through Mastercard, FXRP collateral in Sentora’s vault — eventually create enough real utility to matter at the settlement layer. Whether that translates to XRP price movement is a different question. Institutions can use the XRP Ledger for tokenization without buying XRP as a speculative asset. Ripple probably wants both outcomes. It’s getting the infrastructure traction. The price hasn’t followed yet.
ChartNerd’s falling wedge sits near that six-year support at roughly $1.07.
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Frequently Asked Questions
What companies did Ripple invest in recently?
Ripple invested in ZILO, which handles transfer agency and fund administration for tokenized share classes, and Licuido, a UK-regulated firm that supports traditional assets as digital collateral. Investment amounts were not disclosed.
What is the FXRP lending vault and how large is it?
Flare’s wrapped XRP token (FXRP) was approved as collateral in a $280 million RLUSD lending vault managed by Sentora, operating through Morpho Blue’s isolated market on Ethereum.
