Key Takeaways
- • Aviva Investors, the investment management arm of insurer Aviva, will tokenize a portion of its £22 billion Sterling Liquidity Fund on the XRP Ledger in partnership with Ripple.
- • Aviva is committing £50 million to a new share class, bringing its total investment across its two tokenized money market funds to more than £86 million.
- • The fund is Ireland-domiciled, UCITS-regulated, and invests in high-quality, short-term sterling-denominated debt, with daily liquidity as a core feature.
- • BNY Mellon will continue to act as Ripple's transfer agent for the tokenized shares, and investors with eligible digital wallets can access them.
- • Aviva Investors CEO Mark Versey said tokenized funds can increase efficiency and improve investor outcomes.
Summary
Aviva Investors, the investment management arm of insurance group Aviva, has partnered with Ripple to tokenize a portion of its £22 billion Sterling Liquidity Fund on the XRP Ledger, according to the source article. The move marks the second tokenized fund initiative for Aviva Investors. The firm is committing £50 million to the new share class, lifting its total investment across its two tokenized money market funds above £86 million.
The Ireland-based fund is subject to the UCITS regulatory framework and invests in high-quality, short-term sterling-denominated debt instruments. Founded in 2002, it aims to provide daily liquidity and relatively low-risk returns. The source notes that tokenization will not result in the entire fund being moved onto the blockchain; only a portion of the fund is being tokenized.
Aviva Investors CEO Mark Versey said tokenized funds can increase efficiency and improve investor outcomes, and that the company aims to expand its activities in tokenization through its continued collaboration with Ripple. BNY Mellon will remain Ripple's agent for the tokenized shares, and investors holding eligible digital wallets will be able to access them.
The article frames the partnership within Ripple's broader push to expand its corporate digital asset services and attract traditional financial institutions, at a time when XRP has declined significantly from its peak. The source article is a crypto-focused piece and does not provide further quantitative detail on the tokenized share class beyond the figures cited above.
The Ireland-based fund is subject to the UCITS regulatory framework and invests in high-quality, short-term sterling-denominated debt instruments. Founded in 2002, it aims to provide daily liquidity and relatively low-risk returns. The source notes that tokenization will not result in the entire fund being moved onto the blockchain; only a portion of the fund is being tokenized.
Aviva Investors CEO Mark Versey said tokenized funds can increase efficiency and improve investor outcomes, and that the company aims to expand its activities in tokenization through its continued collaboration with Ripple. BNY Mellon will remain Ripple's agent for the tokenized shares, and investors holding eligible digital wallets will be able to access them.
The article frames the partnership within Ripple's broader push to expand its corporate digital asset services and attract traditional financial institutions, at a time when XRP has declined significantly from its peak. The source article is a crypto-focused piece and does not provide further quantitative detail on the tokenized share class beyond the figures cited above.
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