Private equity firm Aurum Equity Partners announced that it is launching a $1 billion tokenized equity and debt fund on the XRP Ledger. This venture focuses on data center investments across several regions, including the U.S., United Arab Emirates, Saudi Arabia, India, and Europe. The fund is touted as the "world’s first combined equity and debt tokenized fund."

The partnership with Zoniqx, a San Francisco-based tokenization service provider, will enable the creation of security tokens for the underlying financial instruments involved.

This initiative reflects the broader ambition of the XRP Ledger and development firm Ripple Labs, aiming to capture a share of the expanding real-world asset (RWA) tokenization market, which is expected to grow significantly in the coming years. Regulatory frameworks and institutional interest are driving traditional financial products to explore blockchain solutions for enhancing liquidity and operational efficiency.

David Schwartz, CTO of Ripple, emphasized the potential of tokenizing private equity, acknowledging the persistent issues of illiquidity and access in these markets. He noted how Aurum and Zoniqx are utilizing the capabilities of the XRP Ledger for better management of real-world assets.