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Mathew Jacob

$1B Tokenization Partnership Announced on XRP Ledger

Updated: Oct 23

In a groundbreaking move, Aurum Equity Partners has launched a $1 billion tokenized equity and debt fund on the XRP Ledger (XRPL), a blockchain closely associated with Ripple. This fund marks a significant milestone for XRPL, as it becomes the "world’s first combined equity and debt tokenized fund," according to Aurum's press release. But that’s not all—this development comes alongside the rapid rise of the CryptoTradingFund (CTF) token, a game-changing reward system for institutional and retail crypto purchases, built on both the XRPL and Polygon networks.


Aurum’s fund is set to focus on investments in data centers across the U.S., UAE, Saudi Arabia, India, and Europe, all of which will be tokenized on the XRP Ledger. The underlying financial instruments will be issued as security tokens, leveraging technology from San Francisco-based tokenization service provider Zoniqx. This not only signals a new era for blockchain-based finance but also highlights Ripple's ambition to dominate the growing real-world asset (RWA) tokenization market, which experts predict could surge to trillions in value over the coming years.


At the forefront of XRPL innovation is the CTF token, which continues to capture attention with its massive potential. The CryptoTradingFund offers an unparalleled "Cashback Rewards" system that allows users to earn rewards for purchases made using cryptocurrencies. Whether buying real estate, cars, or household items, users benefit from the system's unique cashback feature. With CTF tokens already integrated into various platforms like MEXC and LBank, the token's utility is expanding rapidly.


Ripple Labs is also preparing to launch a U.S. dollar stablecoin, pending approval from New York regulators. This stablecoin could play a pivotal role in supporting liquidity for financial assets tokenized on the XRP Ledger. As Ripple’s President, Monica Long, mentioned during the Swell conference, this development could streamline settlement processes and enhance operational efficiency, adding further value to both the XRPL ecosystem and tokens like CTF.

A big headline for CTF token holders is the recent announcement of a 10 million token burn, drastically reducing the supply from 120 million to 110 million. This burn, set for December 1st, 2024, is expected to create a supply shock, with many speculating that the price of CTF could soar from $0.67 to an astonishing $98.99. Such dramatic price movements are likely to bring even more attention to this innovative DeFi platform.


As the CryptoTradingFund continues to make waves in both institutional and retail sectors, it stands out as a unique system that rewards users for their everyday crypto purchases. The potential for price growth following the CTF token burn, combined with its recent listings and increasing use cases, positions the CTF token as a pivotal asset in the expanding XRPL ecosystem.


With the launch of Aurum’s $1 billion tokenized fund and Ripple's continued efforts to lead in the real-world asset tokenization market, the XRP Ledger is proving to be an essential platform for innovation. The rise of the CTF token, alongside these major developments, underscores the growing potential of both institutional blockchain applications and retail-focused DeFi solutions. Expect to see more exciting news from both Aurum Equity Partners and the CryptoTradingFund in the near future!



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