Altcoins News
By Maheen Hernandez
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Aviva's Tokenized Fund Goes Live on XRP Ledger. The clearest sign that something real is happening came on July 29, when Aviva Investors launched…
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RLUSD as Settlement Layer — and the DBS Connection. Ripple wants its dollar stablecoin, RLUSD, sitting at the center of the settlement process.
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What's Still Missing From the Picture. Ripple's build-out is moving, but there are real holes in the public record.
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Ripple moved fast. On August 3, the company announced investments in two firms — ZILO and Licuido — both aimed at building out capital markets infrastructure on the XRP Ledger.
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Ripple President Monica Long put it plainly: financial institutions are moving tokenized assets "from bank pilots to production.
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The clearest sign that something real is happening came on July 29, when Aviva Investors launched a tokenized share class of its U.S. Dollar Liquidity Fund on the XRP Ledger.
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The structure is pretty straightforward. The blockchain token represents an investor's interest in the fund.
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Still, Ripple hasn't said how many institutions are using its full capital markets stack, or what volume of tokenized funds has actually settled through it.
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Ripple wants its dollar stablecoin, RLUSD, sitting at the center of the settlement process. The idea is delivery versus payment — synchronizing the movement of cash and tokenized…
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Whether that's working at scale right now? Unclear. Ripple hasn't published transaction totals showing RLUSD flowing through ZILO or Licuido at any meaningful volume.
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Related: XRP Ledger Hotfix Patches Manifest Flood That Threatened 8.4 Million Accounts
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There's also a DBS angle here. DBS listed Franklin Templeton's sgBENJI token alongside RLUSD, and the two firms are exploring lending and repurchase transactions using tokenized…
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The XRP Ledger itself keeps growing. As of July 29, RWA.xyz tracked $4.06 billion in represented assets and $313.3 million in distributed assets on the network.
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Ripple's build-out is moving, but there are real holes in the public record. No investment amounts for ZILO or Licuido. No ownership stakes.
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Long's comments about customer demand carry weight — she's close to the institutional relationships. But independent data to verify the scale of the shift doesn't exist yet.
The Currency Analytics
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