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Aurum Equity Partners Launches $1B Tokenized Fund

Aurum Equity Partners Launches $1B Tokenized Fund

HappyCoinNewsHappyCoinNews2024/10/23 20:30
By:HappyCoinNews

Investment banking group Aurum Equity Partners has announced the launch of a $1 billion tokenized fund that will combine the company's equity and debt assets, according to the announcement.

The new fund will invest in the creation of data centers in the United States, the Kingdom of Saudi Arabia, India, the United Arab Emirates and Europe.

For tokenization, the fund will use the Zoniqx solution and the Dynamic Compliant Interoperable Security protocol Token (DyCIST) It will be launched in the registry XRP Ledger (XRPL) to explore new opportunities in the real-world asset (RWA) tokenization space, the company said.

By using tokenization, Aurum Equity Partners wants to attract smaller investors who previously did not have access to such assets.

Tokenization of private equity is another promising use case for RWAs to address the illiquidity and limited access issues in these markets, says CTO Ripple and co-founder XRP Ledger David Schwartz.

The RWA tokenization market has grown significantly in recent years, and experts predict that the sector could grow 2030-fold by 50, thanks to the ability to migrate traditional physical assets such as real estate and bonds to blockchain platforms.

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