October 23, 2024
Aurum Equity Partners Launches $1B Tokenized Equity and Debt Fund Using Zoniqx and XRP Ledger Technology

Aurum Equity Partners, a leading private equity firm, has announced the launch of the world’s first combined equity and debt tokenized $1B fund, utilizing Zoniqx’s asset tokenization solutions. This initiative will leverage the XRP Ledger (XRPL), an open source, and decentralized Layer 1 blockchain to unlock new opportunities in real world asset tokenization (RWA) for data center investments. The initiative will establish global data centers across the United States, United Arab Emirates, Kingdom of Saudi Arabia, India, and Europe, showcasing a significant real-world application of tokenization.

This initiative will harness Zoniqx’s cutting-edge Tokenized Asset Lifecycle Management (TALM) solution and the Dynamic Compliant Interoperable Security Token (DyCIST) protocol to transform Aurum Equity Partners' assets into tokenized financial instruments. This development marks a significant step forward in integrating blockchain technology with traditional financial markets.

Key Highlights:

  • Innovative Tokenization: Zoniqx will enable Aurum Equity Partners to launch the world’s first combined equity and debt tokenized fund, leveraging the XRPL to provide investors with greater flexibility and diversification.
  • Global Data Centers: The initiative will establish cutting-edge data centers across the United States, United Arab Emirates, Kingdom of Saudi Arabia, India, and Europe, showcasing the scalability and global reach of tokenization technology.
  • Enhanced Liquidity: Utilizing Zoniqx’s TALM framework, the trading of tokenized assets on secondary markets will be more efficient and accessible, offering investors improved liquidity options.
  • Compliance and Security: The DyCIST protocol, combined with the XRPL’s built-in safety compliance features, ensures all tokenized assets adhere to global regulatory standards, including AML and KYC protocols, providing secure and compliant transactions.
  • Interoperability: The initiative will facilitate seamless integration across multiple blockchain networks, offering flexibility and accessibility for a wide range of investors and financial institutions.

ESG First and AI Operated Next Generation Data Centers: Cutting-edge facilities managed by AI for optimal efficiency and sustainability.

Advantages:

  • For Investors: Gain access to enhanced liquidity, diversified investment opportunities, and greater accessibility to traditionally illiquid private equity and debt markets.
  • For Aurum Equity Partners: Benefit from an expanded investor base, improved operational efficiency, and a strong positioning as an innovator in the financial markets.
  • For Financial Institutions: Unlock new revenue streams and better risk management through advanced, transparent, and secure tokenized assets.
  • For the Broader Financial Market: Experience increased market liquidity, enhanced regulatory compliance, and the promotion of technological advancements, driving the future growth and stability of financial markets.
We are excited to work with Zoniqx to bring this groundbreaking project to life,” said Venkat Bussa, CEO and Chairman, General Partner at Aurum Equity Partners. “This development aligns with our commitment to leveraging cutting-edge technology to enhance liquidity, transparency, and overall investment efficiency for our investors.
Prasanth Kalangi, Founder and CEO of Zoniqx, added, “Working with Aurum Equity Partners on this innovative project is a significant milestone in our mission to advance asset tokenization. Our technology is designed to meet the evolving needs of the financial industry, and we are excited to demonstrate its potential in the private equity space.
David Schwartz, CTO of Ripple and Co-creator of the XRP Ledger, added “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.”

About Zoniqx: Zoniqx ("Zoh-nicks") is a global fintech leader headquartered in Silicon Valley, specializing in converting real-world assets into Security Tokens. It offers an interoperable, compliant infrastructure for the RWA tokenization market, enabling global liquidity and DeFi integration through its end-to-end ecosystem of SDKs and APIs. Zoniqx pioneers on-chain, fully automated RWA deployment on public, private, and hybrid chains. To explore how Zoniqx can assist your organization in unlocking the potential of tokenized assets or to discuss potential partnerships and collaborations, please visit our contact page.

About Aurum Equity Partners: Aurum Equity Partners, led by CEO and Chairman Venkat Bussa, specializes in investing in infrastructure assets that provide essential services to communities and businesses. Their focus is on building a diversified fund that delivers long-term value for investors while contributing to economic growth. With deep expertise in real estate, venture capital, growth equity, and leveraged buyouts within cloud infrastructure, Aurum Equity Partners is committed to sustainable investing and a personalized approach to identifying and evaluating the best opportunities in the cloud infrastructure sector. For more information, visit their website.

About the XRP Ledger: The XRP Ledger (XRPL) is a decentralized layer 1 blockchain renowned for its decade-long reliability and stability in tokenizing and exchanging crypto-native and real-world assets. Designed to support businesses and builders, it is powered by XRP, a cryptocurrency purpose-built for payments. Trusted by over 1,000 visionary builders and businesses worldwide, the XRP Ledger offers institutional-grade functionality and built-in features to enable secure, efficient, and scalable financial services and use cases. It's more than just a blockchain – it's a global developer community dedicated to transforming future business solutions.