Key Takeaways
- • Aviva Investors launched a tokenized share class of its £22 billion Sterling Liquidity Fund on the XRP Ledger (XRPL), per Coin Edition.
- • Aviva invested £50 million ($66 million) in the new share class, which targets low-risk returns and daily liquidity.
- • Aviva Investors now has more than £86 million ($116 million) invested across its tokenized sterling and US dollar liquidity funds.
- • Ripple supports the launch alongside digital asset custodian Komainu and infrastructure provider Licuido, with BNY Mellon serving as fund custodian.
- • The structure links digital ownership records to the existing fund without replacing its traditional framework, retaining its objectives, risk profile, liquidity features and regulatory protections.
Summary
Aviva Investors has launched a tokenized share class for its £22 billion Sterling Liquidity Fund on the XRP Ledger (XRPL), according to Coin Edition. The move extends the asset manager's blockchain strategy and strengthens its presence in Europe's tokenized money market fund sector, a development the publication frames as evidence of growing institutional interest in blockchain-based investment products.
Aviva invested £50 million ($66 million) in the new share class, which targets low-risk returns and daily liquidity. With this launch, the firm now offers tokenized versions of both its sterling and US dollar liquidity funds. Aviva Investors has more than £86 million ($116 million) invested across the two tokenized offerings. The sterling fund provides exposure to high-quality, short-term UK debt instruments.
The tokenized share class retains the conventional fund's investment objectives, risk profile, liquidity features and regulatory protections. According to the report, the structure links digital ownership records to the existing fund rather than replacing its traditional framework.
Ripple supports the launch alongside digital asset custodian Komainu and infrastructure provider Licuido, while BNY Mellon serves as custodian of the fund's underlying assets. The article highlights XRPL's fast, low-cost transactions and its role in helping institutions manage tokenized investments, noting that the network has processed more than four billion transactions since 2012.
Aviva invested £50 million ($66 million) in the new share class, which targets low-risk returns and daily liquidity. With this launch, the firm now offers tokenized versions of both its sterling and US dollar liquidity funds. Aviva Investors has more than £86 million ($116 million) invested across the two tokenized offerings. The sterling fund provides exposure to high-quality, short-term UK debt instruments.
The tokenized share class retains the conventional fund's investment objectives, risk profile, liquidity features and regulatory protections. According to the report, the structure links digital ownership records to the existing fund rather than replacing its traditional framework.
Ripple supports the launch alongside digital asset custodian Komainu and infrastructure provider Licuido, while BNY Mellon serves as custodian of the fund's underlying assets. The article highlights XRPL's fast, low-cost transactions and its role in helping institutions manage tokenized investments, noting that the network has processed more than four billion transactions since 2012.
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