Aurum Equity Partners Launches $1 Billion Tokenized Fund
Date: 2024-10-23 Author: Henry Casey Categories: BUSINESS
Investment company Aurum Equity Partners has announced the launch of a $1 billion tokenized fund. The fund will combine assets in the form of equity and debt instruments in one investment portfolio.
As announced on October 22, the main objective of the fund will be the construction of data centers in countries such as the United States, the United Arab Emirates, the Kingdom of Saudi Arabia, India, and Europe.
To implement this idea, the fund will use asset tokenization solutions from Zoniqx and the Dynamic Compliant Interoperable Security Token (DyCIST) protocol. In addition, the fund relies on the first-layer blockchain XRP Ledger (XRPL) to exploit the opportunities associated with the tokenization of real assets. These technologies will help transform the company's assets into tokenized financial instruments.
Tokenization allows for a wider range of investors, including those who have previously been excluded from large infrastructure projects.
“Tokenization of private equity is a new way to address the problem of low liquidity and limited access to these investments,” said David Schwartz, CTO of Ripple and co-creator of the XRP Ledger.
Aurum Equity Partners specializes in investing in important infrastructure projects, with a focus on sustainable development in areas such as real estate, venture capital, and cloud technologies. According to Crunchbase, the company has participated in more than 125 deals worth a total of $2 billion, both in India and the United States.
Asset tokenization is gaining popularity every year. Experts predict that this sector could grow 50 times by 2030, thanks to the ability to transfer traditional financial assets such as real estate, bonds, and other physical assets onto the blockchain.
The real-world asset tokenization (RWA) market is expected to be worth between $4 trillion and $30 trillion by 2030. This growth is driven by the desire to make financial instruments more accessible and efficient.
“Our technology is designed to meet the growing needs of the financial industry, and we look forward to demonstrating its potential in the private wealth space,” said Prasanth Kalangi, founder and CEO of Zoniqx.
