Aviva Investors Introduces Tokenized Sterling Liquidity Fund on XRP Ledger
Aviva Investors, the asset management division of UK-based insurer Aviva, has introduced a tokenized share class for its Sterling (GBP) Liquidity Fund on the XRP Ledger (XRPL).
This initiative marks the addition of a tokenized share class to Aviva’s largest fund, managing approximately £22 billion ($29.4 billion) in assets. The move enables investors to access the fund in a tokenized format, according to a joint announcement by Ripple and Aviva on Monday.
This is Aviva’s second fund offered as tokenized shares after the company expanded its USD Liquidity Fund onto the XRPL network earlier in July.
Aviva highlighted that this development positions the firm among the leading providers of tokenized money market funds in Europe, with nearly £86 million invested across the two tokenized share classes.
The company committed £50 million to the new tokenized share class of the Sterling Liquidity Fund. This expansion is part of a broader partnership between Aviva and Ripple focused on launching additional tokenized funds on the XRP Ledger.
According to data from RWA.xyz, the XRP Ledger ranks ninth among blockchain platforms by tokenized asset volume, hosting assets valued at $642 million and around 2,900 unique holders.
This development signifies a growing trend towards blockchain-powered investment solutions, enabling greater accessibility and innovation within traditional asset management.
Why it matters
This development highlights Aviva's role in advancing blockchain integration in asset management, broadening investment accessibility through tokenized funds on the XRP Ledger.
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