Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
The fund focuses on investments in data centers across the U.S, United Arab Emirates, Saudi Arabia, India, and Europe, and it is claimed to be the"world’s first combined equity and debt tokenized fund," according to the press release.The fund leverages tech by San Francisco-based tokenization service provider Zoniqx to create security tokens of the underlying financial instruments.
The issuance marks a milestone for XRP Ledger and development firm Ripple Labs' newfound ambition to claim a share of the boomingspace. Institutional investors are increasingly placing traditional financial products like bonds, credit and equity on blockchain rails in pursuit of operational efficiency gains and speedier around-the-clock settlements.
Ripple is also awaiting approval from New York state regulators to launch its U.S. dollar stablecoin, which would play a key role to improve liquidity and support institutions to tokenize and settle financial assets on the XRPL network, Ripple Labs President Monica Long said last week at the company's annual Swell conference.
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