TechFlow news, October 23 — According to Cointelegraph, investment bank Aurum Equity Partners announced the launch of a $1 billion tokenized fund that will combine equity and debt assets.
The new fund will primarily invest in data center projects across the United States, UAE, Saudi Arabia, India, and Europe. It will utilize Zoniqx’s asset tokenization solution and Dynamic Compliance Interoperable Security Token (DyCIST) protocol, while leveraging the XRP Ledger (XRPL) blockchain to explore new opportunities in real-world asset (RWA) tokenization.
David Schwartz, Chief Technology Officer at Ripple and co-creator of the XRP Ledger, said: “Private equity tokenization is an emerging use case in the RWA space, aimed at addressing challenges of illiquidity and access limitations in these markets.”
