Aurum Equity Partners has announced the launch of the world’s first $1 billion fund combining equity and debt, tokenized through a collaboration with Zoniqx. This new venture, which will use the XRP Ledger (XRPL), represents a major development in the field of real-world asset tokenization (RWA), specifically targeting global data center investments. The data centers will be built across the United States, United Arab Emirates, Saudi Arabia, India, and Europe.
Utilizing Zoniqx’s Tokenized Asset Lifecycle Management (TALM) solution and Dynamic Compliant Interoperable Security Token (DyCIST) protocol, Aurum’s assets will be converted into tokenized financial instruments. This process aims to offer investors greater liquidity and improved access to previously illiquid markets such as private equity and debt. The initiative also enables seamless trading of these assets on secondary markets through the XRP Ledger, providing enhanced efficiency and compliance with global regulations, including AML and KYC requirements.
Venkat Bussa, CEO of Aurum Equity Partners, emphasized that the partnership with Zoniqx represents a significant milestone for the firm, allowing it to boost liquidity, transparency, and operational efficiency. He remarked that this project aligns with Aurum’s focus on using innovative technologies to enhance its offerings in real estate, venture capital, and cloud infrastructure.
Prasanth Kalangi, CEO of Zoniqx, highlighted that the collaboration exemplifies Zoniqx’s mission to advance asset tokenization for the financial industry. He pointed out that their technology addresses the evolving needs of the financial sector and that this partnership allows them to demonstrate the potential of tokenization, particularly in private equity markets.
David Schwartz, CTO of Ripple and co-creator of the XRP Ledger, also weighed in, explaining that using XRPL in tokenizing private equity helps solve significant challenges related to illiquidity and limited access. He noted that the efficiency and security of XRPL provide an ideal foundation for managing real-world assets through decentralized blockchain technology.
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