Key Takeaways
- • Aviva Investors and Ripple announced on October 26, 2026 a tokenized share class of Aviva Investors' Sterling (GBP) Liquidity Fund on the XRP Ledger (XRPL), backed by a £50 million investment from Aviva.
- • The underlying Sterling Liquidity Fund, Aviva Investors' largest fund, has approximately £22 billion ($29.4 billion) in assets under management; the £50 million is separate from that fund value.
- • The tokenized share class is limited to professional investors who complete know-your-customer checks, and Ripple says it carries the same protections as the conventional fund, launched in 2002.
- • Aviva has approximately £86 million invested across its two tokenized fund share classes on XRPL, the second being this Sterling launch after a USD Liquidity Fund offering in July 2026.
- • XRPL ranks ninth among blockchain networks for tokenized assets with $642 million in distributed real-world asset value and about 2,900 unique holders, according to RWA.xyz data.
Summary
Aviva Investors and Ripple announced on October 26, 2026 the launch of a tokenized share class for Aviva Investors' Sterling (GBP) Liquidity Fund on the XRP Ledger. Aviva Investors, the asset management arm of UK insurer Aviva, described the Sterling fund as its largest, with approximately £22 billion in assets under management. Aviva invested £50 million in the new share class. That amount is separate from the value of the underlying fund, whose assets are invested in short-term UK government bonds.
The new share class is open only to professional investors who complete know-your-customer checks. According to Ripple's announcement, investors in the tokenized share class receive the same protections as investors in the conventional fund, which was launched in 2002. The operational structure keeps the fund's existing arrangements in place while recording ownership of the new shares in tokenized form. According to U.Today, BNY Mellon holds the underlying assets, Komainu provides digital-wallet custody, and Licuido supplies the tokenization platform. This separates traditional asset custody from the infrastructure used to issue and manage the digital share class.
The launch follows Aviva's expansion of its USD Liquidity Fund onto the XRP Ledger in July 2026, making the Sterling share class the company's second tokenized fund offering on the network. Aviva said approximately £86 million is invested across the two tokenized share classes. Aviva and Ripple are also working on a broader collaboration intended to bring more tokenized funds to XRPL. Aviva Investors CEO Mark Versey said tokenization could optimize internal processes and ultimately "lead to improved client outcomes."
According to RWA.xyz data cited in launch coverage, the XRP Ledger ranks ninth among blockchain networks for tokenized assets, with $642 million in distributed real-world asset value and about 2,900 unique holders.
The new share class is open only to professional investors who complete know-your-customer checks. According to Ripple's announcement, investors in the tokenized share class receive the same protections as investors in the conventional fund, which was launched in 2002. The operational structure keeps the fund's existing arrangements in place while recording ownership of the new shares in tokenized form. According to U.Today, BNY Mellon holds the underlying assets, Komainu provides digital-wallet custody, and Licuido supplies the tokenization platform. This separates traditional asset custody from the infrastructure used to issue and manage the digital share class.
The launch follows Aviva's expansion of its USD Liquidity Fund onto the XRP Ledger in July 2026, making the Sterling share class the company's second tokenized fund offering on the network. Aviva said approximately £86 million is invested across the two tokenized share classes. Aviva and Ripple are also working on a broader collaboration intended to bring more tokenized funds to XRPL. Aviva Investors CEO Mark Versey said tokenization could optimize internal processes and ultimately "lead to improved client outcomes."
According to RWA.xyz data cited in launch coverage, the XRP Ledger ranks ninth among blockchain networks for tokenized assets, with $642 million in distributed real-world asset value and about 2,900 unique holders.
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