[Aurum Equity Partners launches a $1 billion tokenized fund on XRP Ledger] According to Mars Finance, private equity firm Aurum Equity Partners announced the launch of a $1 billion tokenized equity and debt fund on the XRP Ledger network. The fund focuses on data center investments in the United States, UAE, Saudi Arabia, India, and Europe.

The fund utilizes technology from San Francisco-based tokenization service provider Zoniqx to create secure tokens for foundational financial instruments. This marks an important milestone for XRP Ledger and Ripple Labs in the field of real-world asset tokenization.

Ripple is still waiting for approval from New York state regulators to launch its dollar stablecoin to improve liquidity and support institutions in tokenizing and settling financial assets on the XRPL network, said Ripple Labs President Monica Long at the company's annual Swell conference.

Ripple's Chief Technology Officer and XRP Ledger co-founder David Schwartz stated that tokenizing private equity is an emerging use case for RWAs, and Aurum and Zoniqx demonstrated how to manage real-world assets more effectively by leveraging XRPL's efficient and secure transaction processing capabilities.