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Ripple's Monica Long says institutions are moving tokenized assets into production

Ripple's Monica Long says institutions are moving tokenized assets into production

Ripple says its investments in Zilo and Licuido, together with RLUSD, tokenization tools and proposed lending standards, are aimed at building an end-to-end institutional market infrastructure on the XRP Ledger.

XRP
RLUSD

Fact Check
The official Ripple press release ('Ripple Strengthens Digital Capital Markets Infrastructure with Investments in ZILO and Licuido') and Ripple's official @Ripple X post both confirm the two investments and their stated purpose: adding regulated transfer agency, issuance, and collateral mobility to XRP Ledger infrastructure. CryptoBriefing independently corroborates. Every element of the claim matches the primary source.
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Summary

Ripple President Monica Long said on Aug. 4 that financial institutions are moving tokenized assets from pilots into production, and framed Ripple's latest investments and product launches as part of a broader push to support the full lifecycle of tokenized assets on the XRP Ledger. She said Ripple's strategic investments in Zilo and Licuido add fund tokenization and institutional liquidity infrastructure to that effort, supporting issuance, trading and settlement, while Ripple Mint, launched on July 23, gives institutions a unified interface to access, mint, redeem and manage RLUSD across fiat and blockchain settlement systems. Ripple said its tokenization stack is designed for assets including securities, stablecoins, fund units, bonds, commodities and other real-world asset tokens, with controls for compliance screening, transfer restrictions, audit trails, freeze functions, clawbacks and multichain distribution. A partnership among DBS, Franklin Templeton and Ripple is intended to show how tokenized money market products can be used after issuance, allowing eligible DBS clients to trade RLUSD for Franklin Templeton's tokenized money market fund within minutes while retaining yield, and potentially use tokenized fund units as collateral in repurchase agreements or third-party lending. Ripple also pointed to a proposed XRPL Lending Protocol that would keep underwriting and compliance decisions offchain while managing servicing, repayments, interest and defaults onchain, and highlighted separate XRPL infrastructure linking XRP and RLUSD liquidity with tokenized U.S. Treasury products through a planned Doppler Finance and Openeden integration. The broader backdrop is a push to make tokenized assets transferable, financeable and usable around the clock rather than simply issued onchain. The Bank for International Settlements said tokenization could support faster, programmable payments and more efficient intermediation, while also warning in its 2026 assessment that stablecoin structures still pose financial-integrity and monetary risks and require trusted settlement instruments, coordinated oversight and stronger safeguards.

Terms & Concepts
  • XRPL Lending Protocol: A proposed XRP Ledger standard for institutional lending workflows that would keep some functions offchain while recording servicing and repayments onchain.
  • Real-world asset tokens: Blockchain-based tokens that represent traditional assets such as bonds, funds, commodities or property.
  • Repurchase agreements: Short-term financing transactions in which securities or similar assets are used as collateral for borrowing cash.