Key Takeaways
- • Aviva Investors launched a tokenized share class for its Sterling (GBP) Liquidity Fund on the XRP Ledger, according to a Monday statement, marking its second tokenized fund after a USD Liquidity Fund share class launched in July.
- • The Sterling Liquidity Fund, Aviva Investors' largest fund, manages approximately £22 billion in assets.
- • Across its two tokenized share classes, Aviva Investors has attracted more than £86 million ($116 million), including a £50 million ($66 million) investment from Aviva itself in the new sterling offering.
- • The Ireland-domiciled UCITS money market fund uses a "digital twin" structure, representing holdings on-chain without replacing the existing off-chain fund framework.
- • The launch makes Aviva Investors one of Europe's largest providers of tokenized money market funds.
Summary
Aviva Investors, the asset management arm of UK insurer Aviva plc, has expanded its tokenized fund offering with a tokenized share class for its Sterling (GBP) Liquidity Fund on the XRP Ledger (XRPL), according to a Monday statement. The launch follows the introduction of a tokenized share class for the firm's USD Liquidity Fund in July and represents its second tokenization of an existing fund.
The Sterling Liquidity Fund is Aviva Investors' largest fund, with approximately £22 billion in assets. Across its two tokenized share classes, the firm has attracted more than £86 million ($116 million) in investment, including a £50 million ($66 million) commitment from Aviva into the new sterling-denominated offering. The launch positions Aviva Investors among Europe's largest providers of tokenized money market funds.
The fund is an Ireland-domiciled UCITS money market fund that uses a "digital twin" structure to represent holdings on a blockchain without replacing the existing off-chain fund framework. Investors receive the same investment objective, risk profile, liquidity characteristics and regulatory protections as those available through the conventional fund. First launched in 2002, the fund seeks low-risk returns and daily liquidity by investing in high-grade, short-term debt instruments denominated in British pounds.
The launch has received support from Komainu, an institutional digital asset custodian, and Licuido, a platform providing digital infrastructure for tokenizing and trading real-world assets. The offering is open to eligible investors with digital wallets, and The Bank of New York Mellon remains custodian of the fund's assets. Aviva Investors said the structure operates within existing regulatory frameworks and provides a scalable basis for future changes to fund distribution and market infrastructure.
The XRPL, launched in 2012, facilitates issuance and management of the tokenized share class with fast, low-cost and energy-efficient transactions. According to the source, the network has processed more than 4 billion transactions, has nearly 8 million active wallets and is maintained by more than 130 independent validators.
The Sterling Liquidity Fund is Aviva Investors' largest fund, with approximately £22 billion in assets. Across its two tokenized share classes, the firm has attracted more than £86 million ($116 million) in investment, including a £50 million ($66 million) commitment from Aviva into the new sterling-denominated offering. The launch positions Aviva Investors among Europe's largest providers of tokenized money market funds.
The fund is an Ireland-domiciled UCITS money market fund that uses a "digital twin" structure to represent holdings on a blockchain without replacing the existing off-chain fund framework. Investors receive the same investment objective, risk profile, liquidity characteristics and regulatory protections as those available through the conventional fund. First launched in 2002, the fund seeks low-risk returns and daily liquidity by investing in high-grade, short-term debt instruments denominated in British pounds.
The launch has received support from Komainu, an institutional digital asset custodian, and Licuido, a platform providing digital infrastructure for tokenizing and trading real-world assets. The offering is open to eligible investors with digital wallets, and The Bank of New York Mellon remains custodian of the fund's assets. Aviva Investors said the structure operates within existing regulatory frameworks and provides a scalable basis for future changes to fund distribution and market infrastructure.
The XRPL, launched in 2012, facilitates issuance and management of the tokenized share class with fast, low-cost and energy-efficient transactions. According to the source, the network has processed more than 4 billion transactions, has nearly 8 million active wallets and is maintained by more than 130 independent validators.
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