- Aurum Equity Partners launched a US$1B tokenised fund for data centre investments in the US, UAE, Saudi Arabia, India, and Europe.
- Aurum will use Zoniqx’s technology to create security tokens, leveraging the XRP Ledger to process transactions securely and efficiently.
- Tokenisation is expected to grow significantly, with predictions that the real-world asset market could reach US$4 to US$30 trillion by 2030.
Aurum Equity Partners has unveiled a US$1B (AU$1.50B) tokenised fund for data centre investments in multiple regions, including the US, UAE, Saudi Arabia, India, and Europe.
The fund combines equity and debt assets, offering a new approach to infrastructure investments through tokenisation.
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Tokenising Real World Assets
Aurum is an investment bank based in India. It focuses on consumer markets, healthcare, technology, infrastructure, and real estate, which are critical sectors of the Indian economy.
According to the announcement, Aurum will leverage technology from Zoniqx, a San Francisco-based tokenisation service provider, to create security tokens for the financial instruments involved.
This move showcases the XRP Ledger’s potential in the growing RWA space, which aims to place traditional financial assets like bonds and equity onto blockchain platforms to boost operational efficiency and settlement speed.
Schwartz Says XRPL Enables Efficient Transaction Processing
David Schwartz, Ripple’s CTO, highlighted how tokenising private equity addresses issues of illiquidity and limited access, adding that XRPL’s decentralised blockchain enables efficient and secure transaction processing for managing real-world assets.
Tokenizing private equity is another emerging use case in RWA, tackling the challenges of illiquidity and limited access in these markets. By using XRPL’s ability to process transactions efficiently and securely, Aurum and Zoniqx are showing how real-world assets can be managed more effectively harnessing a decentralized blockchain.
David Schwartz, Ripple CTOLast week, CNA reported that Ripple is working with the local Australian Digital Economy Council of Australia (DECA) to enhance tokenisation in the country.
Aurum, traditionally focused on essential infrastructure and sustainable growth sectors, has completed over 125 transactions valued at US$2B (AU$2.99B) across the US and India. Its move into tokenisation aligns with broader market trends, with experts predicting the tokenisation of real-world assets (RWA) could grow significantly, reaching a market size of US$4 trillion (AU$5.98 trillion) to US$30 trillion (AU$44.9 trillion) by 2030.
Related: Ripple Launches ‘Bank-Grade’ Crypto Custody, Targeting $16 Trillion Tokenisation Market
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