Ripple President: The ‘Light Switch’ Has Flipped for XRP Ledger Institutional Adoption

Ripple President Monica Long has said institutional capital markets are moving onchain at a rapid pace, particularly into the XRP Ledger.

She pointed to Ripple’s latest investments in ZILO and Licuido as part of the company’s strategy to expand tokenized asset infrastructure on the XRP Ledger (XRPL).

In a post on X, Long said the industry has reached a turning point. According to her, financial institutions are no longer just testing blockchain technology. They are now deploying it in live production.

“In the last year, we’ve seen the veritable light switch flip – from bank pilots to production, from issuing tokenized assets like money market funds and liquidity funds to using them!” Long wrote.

She added that institutional capital markets are increasingly moving toward “onchain 24/7” operations. Ripple’s goal, she said, is to provide the full digital asset infrastructure stack that lets institutions manage the entire lifecycle of tokenized assets on the XRP Ledger.

In the last year, we’ve seen the veritable light switch flip – from bank pilots to production, from issuing tokenized assets like money market funds and liquidity funds to using them! Institutional capital markets are moving in one direction — onchain 24/7. At Ripple, our goal… https://t.co/DPhbEBY3Dr

— Monica Long (@MonicaLongSF) August 4, 2026

Ripple Expands Institutional Infrastructure on XRP Ledger

Long’s comments came alongside Ripple’s announcement that it has made strategic investments in ZILO, a provider of digital transfer agency technology, and Licuido, a tokenization and digital asset trading platform.

Ripple said the investments add regulated transfer agency, digital issuance, and collateral mobility capabilities to its institutional infrastructure on the XRPL.

The announcement follows the recent tokenization of Aviva Investors’ US Dollar Liquidity Fund on the XRP Ledger. Ripple said this demonstrates that institutions are ready to adopt blockchain-based financial infrastructure.

Its platform combines issuance, custody, collateral management, multi-currency investment capabilities, and atomic settlement. Ripple added that its RLUSD stablecoin serves as the regulated cash leg for delivery-versus-payment transactions.

Ripple Says Tokenization Needs Real Utility

Meanwhile, Nigel Khakoo, Ripple’s Senior Vice President of Trading and Markets, said tokenization alone will not transform capital markets.

“The real value lies in what can be done with a token, including buying, selling, and settling trades instantly, or using it as collateral to borrow, lend, or post margin,” Khakoo said.

He said Ripple’s work with Aviva Investors, Franklin Templeton, and DBS highlights institutional demand for tokenized fund structures. Khakoo added that ZILO and Licuido provide the regulated infrastructure needed to scale issuance, transfer agency, and collateral mobility.

ZILO and Licuido Focus on Institutional Liquidity

ZILO founder and CEO Phil Goffin said transfer agents and asset managers need infrastructure that supports tokenized share classes without increasing operational risk.

Licuido CEO Brian Lynch said tokenization solves only part of the liquidity challenge. He explained that the company’s platform supports issuance, distribution, and collateral utility in a regulated environment. This allows institutions to put previously idle assets to productive use.

Ripple said the investments support its effort to bring traditional financial assets with real-world utility onto the XRP Ledger.

The company highlighted the XRPL’s fast settlement, predictable transaction costs, low energy consumption, and compliance features as key advantages for institutional asset managers issuing and managing tokenized funds at scale.