Ripple’s Monica Long says bank pilots are going live

Ripple President Monica Long said on Aug. 4 that financial institutions are moving tokenized assets “from bank pilots to production,” creating demand for the operational infrastructure needed to issue, manage and use regulated assets on public blockchains. Summary Monica Long says financial institutions are moving tokenized funds from pilot programs into production environments. Ripple invested in ZILO and Licuido to add transfer agency, issuance, and collateral mobility infrastructure. Aviva Investors launched its first tokenized fund share class on the XRP Ledger in July. RLUSD is intended to provide the cash leg for atomic delivery versus payment fund settlements. Ripple disclosed no investment amounts, ownership stakes, deployment dates, or expected financial returns to investors. Long linked that shift to Ripple’s strategic investments in ZILO and Licuido, which the company announced one day earlier. Ripple said the two investments will add transfer agency, token issuance and collateral mobility tools to its capital markets infrastructure on the XRP Ledger. Financial terms were not disclosed. In the last year, we’ve seen the veritable light switch flip – from bank pilots to pr...