Key Takeaways
- • Aviva Investors launched a tokenized share class of its Sterling Liquidity Fund on the XRP Ledger (XRPL), the firm's second tokenized fund on the network, according to an announcement by Aviva Investors and Ripple.
- • The Sterling Liquidity Fund is Aviva Investors' largest fund with approximately £22 billion in assets under management, and Aviva has invested £50 million (about $66 million) in the new tokenized share class.
- • Aviva's tokenized fund holdings now total more than £86 million (about $116 million) across its two XRPL offerings.
- • The fund is a Dublin-domiciled UCITS money market fund that uses a digital twin model, preserving its existing structure, objectives, risk profile, liquidity features and regulatory protections.
- • Access is limited to eligible investors with digital wallets, with Komainu and Licuido supporting the launch and The Bank of New York Mellon holding the fund's assets.
Summary
Aviva Investors has expanded its tokenized investment offerings with a new tokenized share class for its Sterling Liquidity Fund on the XRP Ledger, according to an announcement by Aviva Investors and Ripple. The company said the Sterling Liquidity Fund is its largest fund, with approximately £22 billion in assets under management. Aviva has invested £50 million, worth roughly $66 million, in the new share class, and the firm now has more than £86 million (around $116 million) across its two tokenized fund offerings.
The fund is based in Ireland and operates as a UCITS money market fund. It uses a digital twin model to represent fund holdings on a blockchain while keeping the existing fund structure in place. According to the announcement, the tokenized share class carries the same investment objectives, risk profile, liquidity features and regulatory protections as the traditional version. The fund, launched in 2002, seeks low-risk returns and daily liquidity through high-quality, short-term sterling-denominated debt instruments.
The launch was supported by Komainu, a regulated institutional digital asset custodian, and Licuido, a digital infrastructure platform for tokenized real-world assets. The fund's assets are held by The Bank of New York Mellon, and access is limited to eligible investors with digital wallets.
The launch follows Aviva's February partnership with Ripple, when Ripple described Aviva as its first investment management partner in Europe. That partnership led to the launch of Aviva's tokenized USD Liquidity Fund on XRPL on July 29, after approval from the Central Bank of Ireland. Commenting on the development, Aviva Investors chief executive Mark Versey said the firm was "thrilled" to announce its second tokenization fund, adding that the expansion "shows our clear intent to be a leader in this area" and that the firm believes tokenised funds "can increase efficiency and ultimately lead to improved client outcomes."
The fund is based in Ireland and operates as a UCITS money market fund. It uses a digital twin model to represent fund holdings on a blockchain while keeping the existing fund structure in place. According to the announcement, the tokenized share class carries the same investment objectives, risk profile, liquidity features and regulatory protections as the traditional version. The fund, launched in 2002, seeks low-risk returns and daily liquidity through high-quality, short-term sterling-denominated debt instruments.
The launch was supported by Komainu, a regulated institutional digital asset custodian, and Licuido, a digital infrastructure platform for tokenized real-world assets. The fund's assets are held by The Bank of New York Mellon, and access is limited to eligible investors with digital wallets.
The launch follows Aviva's February partnership with Ripple, when Ripple described Aviva as its first investment management partner in Europe. That partnership led to the launch of Aviva's tokenized USD Liquidity Fund on XRPL on July 29, after approval from the Central Bank of Ireland. Commenting on the development, Aviva Investors chief executive Mark Versey said the firm was "thrilled" to announce its second tokenization fund, adding that the expansion "shows our clear intent to be a leader in this area" and that the firm believes tokenised funds "can increase efficiency and ultimately lead to improved client outcomes."
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