1. Introduction

The $1 billion real estate fund launched by Aurum Equity Partners marks a defining moment for institutional-scale real estate tokenization. Built on the XRP Ledger and powered by Zoniqx’s Tokenization Platform-as-a-Service (TPaaS) and Tokenized Asset Lifecycle Management (TALM), the project demonstrates how a traditionally complex, paper-heavy investment vehicle can be transformed into a fully digital, compliant, and globally accessible product. From multi-tranche structuring and automated compliance to faster capital formation and cost savings, this case study offers a blueprint for how Zoniqx enables asset managers to unlock efficiency, expand investor reach, and future-proof their funds in a rapidly evolving capital markets landscape.

2. The Client & the Fund

Aurum Equity Partners is a private equity firm specializing in the data center real estate asset class. In 2024, Aurum announced a $1B combined equity-and-debt fund to finance AI-ready, ESG-aligned data center infrastructure in multiple jurisdictions. The fund chose Zoniqx to deliver compliant tokenization at scale, leveraging the speed, finality, and low-cost rails of the XRP Ledger (XRPL).

Why tokenization? Institutional investors sought programmatic compliance, faster capital formation, transparent cap-table management, and streamlined cross-border participation—all without sacrificing regulatory rigor or investor protections. Zoniqx’s Tokenization Platform-as-a-Service and Tokenized Asset Lifecycle Management solution provided the backbone.

3. Solution Overview: TPaaS + TALM

Zoniqx executed the Aurum project by combining two proprietary pillars: Tokenization Platform-as-a-Service (TPaaS) and Tokenized Asset Lifecycle Management (TALM), creating an integrated ecosystem that covered the entire lifespan of the $1B fund, from pre-launch structuring to ongoing compliance and investor engagement.

TPaaS: The Issuance & Structuring Layer

TPaaS is Zoniqx’s low-code, modular issuance engine that allows asset managers to design and launch compliant digital securities without the heavy lift of building proprietary infrastructure. For Aurum’s fund, TPaaS handled:

Fund & Tranche Configuration: Defined equity and debt tranches with different risk-return profiles, lock-in periods, and investor eligibility parameters.
Automated Compliance Rules: Embedded jurisdiction-specific restrictions, investor-type classifications, and lockups directly into the smart contracts via the DyCIST protocol.
KYC/KYB Integration: Connected to global identity verification providers to vet institutional and accredited investors before wallet whitelisting.
Smart-Contract Minting: Seamlessly minted security tokens on the XRP Ledger with all compliance logic pre-coded, reducing both issuance time and error risk.
Investor Onboarding Experience: Provided a frictionless portal for subscription, document execution, and wallet approval, replacing traditional paper-heavy processes.

TPaaS served as the foundation for speed, accuracy, and compliance, enabling Aurum to move from term sheet finalization to first close 30% faster than in previous fund cycles. Learn more at https://www.zoniqx.com/product/tpaas.

TALM: The Lifecycle & Compliance Engine

Where TPaaS set the fund in motion, TALM ensured it stayed on course for the long haul. TALM is Zoniqx’s asset management cockpit, enabling issuers to control, update, and monitor tokenized assets throughout their operational life. For Aurum’s fund, TALM delivered:

Ongoing Compliance Enforcement: Continuously checked investor eligibility and KYC/KYB status before any transfer or distribution, ensuring rules never became outdated (“dynamic compliance”).
Corporate Actions Automation: Streamlined dividend payouts, redemptions, and interest disbursements according to tranche-specific schedules.
Cap Table Management: Maintained a real-time, on-chain view of token holders, allocations, and transfer histories.
Secondary Market Controls: Integrated with regulated Alternative Trading Systems (ATS) and OTC desks to offer liquidity options while preserving jurisdictional restrictions.
Regulatory Reporting: Generated immutable audit trails and compliance snapshots for easy submission to auditors and regulators.

In essence, TALM turned Aurum’s $1B fund into a living, compliant digital asset ecosystem, ensuring that investor trust, regulatory requirements, and operational efficiency remained intact long after launch. Learn more at https://www.zoniqx.com/talm

XRPL Choice. XRPL offered predictable fees, performance, and issuer tooling. Zoniqx’s integration enables multi-asset tokenization with native compliance logic enforced by DyCIST (ERC-7518) for cross-chain operability, important for future EVM/non-EVM interoperability needs.

4. What We Implemented for Aurum

Compliant Security Token Design (DyCIST). Investor-type and jurisdiction filters, transfer restrictions, tranche controls, and programmatic lockups embedded at the smart-contract level. Only whitelisted wallets could subscribe, transfer, or receive allocations. Real-time audit trails supported periodic regulator reporting.
Global KYC/KYB & AML Hooks. TPaaS integrated KYC/KYB providers via APIs. Investor eligibility verified at issuance and enforced at transfer, dynamic compliance that never “goes stale.”
Document & Data Rooms. Digitized PPMs, risk disclosures, ESG reporting, and data-center performance KPIs with role-based access.
Multi-Tranche Structure. Equity and debt tranches parameterized with different risk/return, lockups, and distribution rules.
Secondary Pathways. TALM set up downstream connectivity to qualified ATS/venue partners and OTC flows while retaining regulator-mandated restrictions.
XRPL Rail Integration. Chosen for settlement efficiency; DyCIST preserved compliance logic while enabling future cross-chain expansion strategies.

5. Measurable Outcomes

Compared with Aurum’s legacy baseline and typical private real-estate raises, the program delivered:

30% faster issuance from document readiness to first close, attributable to automated KYC/KYB, on-chain whitelisting, and low-code token creation via TPaaS.
~50% reduction in operational costs across subscription processing, investor onboarding, and post-trade compliance checks, driven by smart-contract automation and consolidated workflows in TALM.
Higher investor participation velocity, with auditable, permissioned wallet onboarding and real-time eligibility checks that reduced back-and-forth and manual reconciliations.
Continuous compliance assurance, with immutable audit trails and periodic snapshots meeting reporting obligations.

Note: Time and cost improvements are project-level results relative to Aurum’s pre-tokenization baseline and industry-standard manual processes; automation benefits are consistent with Zoniqx’s published guidance on cost and intermediary reduction.

6. End-to-End Flow (What Investors Experienced)

Pre-Onboarding: Prospects reviewed offering materials in a permissioned data room.
KYC/KYB + Wallet Whitelisting: Automated verification linked to a smart-contract gate; only approved wallets could subscribe.
Subscription & Minting: Investors executed docs; DyCIST minted and allocated security tokens per tranche rules on XRPL.
Distributions & Corporate Actions: Managed through TALM, with programmatic constraints for distributions and redemptions.
Qualified Liquidity Paths: Whitelisted transfers and venue connectivity enabled controlled secondary interactions, preserving jurisdictional restrictions.

7. Why This Matters for Institutional Real Estate

Operational Certainty: Programmatic rules eliminate ambiguity across jurisdictions and investor classes.
Distribution at Scale: Digital rails expand reach while maintaining granular control.
Auditability & Trust: Immutable records and scheduled snapshots unlock smoother regulator interactions.
Future-Proofing: DyCIST’s cross-chain design readies assets for EVM/non-EVM bridges as market structure evolves.

Want This for Your Fund?

Whether you’re structuring a tokenized real estate fund, a credit vehicle, or a diversified yield product, Zoniqx delivers a production-grade stack:

Explore TPaaS for issuance and orchestration
See use cases for verticalized playbooks (real estate, credit, funds)
Dive into TALM and DyCIST to understand lifecycle and compliance

Ready to replicate Aurum’s outcome? Book a discovery call with Zoniqx.

References

Zoniqx Resources – Aurum Equity Partners $1B Fund. zoniqx.com
CoinDesk – Aurum launches $1B tokenized fund for data center investments on XRPL with Zoniqx. CoinDesk
DataCenterDynamics – Aurum Equity Partners launches $1bn tokenized equity and debt fund for data center investment. Data Center Dynamics
CoinTelegraph – Aurum Equity Partners launches tokenized fund worth $1B; focus regions and use case. Cointelegraph
Zoniqx × Ripple – Partnership for multi-asset tokenization on XRPL. zoniqx.com PR Newswire
Zoniqx Product – DyCIST: Dynamic Compliant Interoperable Security Token. zoniqx.com
Zoniqx Resource – Implementing the DyCIST Protocol (ERC-7518) for cross-chain token interoperability. zoniqx.com
Zoniqx Resource – How DyCIST ensures compliance in asset tokenization. zoniqx.com
Zoniqx Resource – Smart Contracts, Smarter Compliance: automating regulatory workflows. zoniqx.com
Zoniqx on X – Cost and intermediary reduction from tokenization. X (formerly Twitter)
Zoniqx Solutions – TALM overview. zoniqx.com
Zoniqx – Company site with fund note and RWA stance. zoniqx.com
Zoniqx – Why Zoniqx is the Best Asset Tokenization Platform in 2025 (context on partner ecosystem). zoniqx.com

Disclaimer

This article is for informational purposes only and does not constitute legal, financial, or regulatory advice. References to SEC are based on public statements and do not imply endorsement or legal interpretation. Readers are encouraged to consult with legal or regulatory professionals before engaging in asset tokenization. Zoniqx operates in full compliance with applicable laws and supports regulatory clarity in the tokenization ecosystem.

How Zoniqx Tokenized a $1B Real Estate Fund