Private
equity
firm
Aurum
Equity
Partners
said
Tuesday
it
is
launching
a
$1
billion
tokenized
equity
and
debt
fund
on
the
XRP
Ledger
(XRP)
network,
an
enterprise-focused
blockchain
closely
associated
with
Ripple.
The
fund
focuses
on
investments
in
data
centers
across
the
U.S,
United
Arab
Emirates,
Saudi
Arabia,
India,
and
Europe,
and
it
is
claimed
to
be
the
“world’s
first
combined
equity
and
debt
tokenized
fund,”
according
to
the
press
release.
The
fund
leverages
tech
by
San
Francisco-based
tokenization
service
provider
Zoniqx
to
create
security
tokens
of
the
underlying
financial
instruments.