Aviva Investors Tokenizes $29B Sterling Fund on XRP Ledger

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Aviva Investors has launched a tokenized share class of its Sterling Liquidity Fund on the XRP Ledger, its second tokenized fund and a major step for real-world asset tokenization. TLDR Aviva Investors has launched a tokenized share class of its Sterling (GBP) Liquidity Fund on Ripple’s XRP Ledger (XRPL). The fund is the asset manager’s largest, with roughly £22 billion ($29.4 billion) in assets under management. It is Aviva’s second tokenized fund, following the USD Liquidity Fund expansion to XRPL in July. Across both tokenized share classes, about £86 million is now invested, and Aviva itself put in £50 million. Aviva Investors, the asset management arm of UK insurer Aviva, has expanded its on-chain footprint. The firm launched a tokenized share class of its Sterling (GBP) Liquidity Fund on the XRP Ledger (XRPL), allowing investors to access the fund in tokenized form. Ripple and Aviva confirmed the news in a joint announcement on Monday. The Sterling Liquidity Fund is Aviva’s largest, managing about £22 billion ($29.4 billion). Aviva Adds a Second Tokenized Fund The Sterling fund...