Ripple has made strategic investments in UK-based ZILO and Licuido as it builds a more complete capital-markets stack around the XRP Ledger. ZILO supplies transfer agency and fund administration technology to asset managers, custodians and transfer agents. Licuido is regulated by the UK Financial Conduct Authority and focuses on issuing and distributing traditional financial assets in tokenized form. Ripple expects the two companies to add regulated transfer agency, issuance and collateral mobility to its institutional infrastructure on the XRP Ledger. Ripple also introduced Ripple Mint last month, giving institutions tools to mint, redeem and manage RLUSD.