Aviva Investors tokenizes £50 million share class of Sterling Liquidity Fund on XRP Ledger

The asset manager is putting part of its sterling money market fund on-chain as BNY adds custody support for XRP and RLUSD Aviva Investors has launched a tokenized share class of its Sterling Liquidity Fund on the XRP Ledger. The firm put £50 million ($66 million) of its own money into the new class. The announcement came on October 26, 2026. A day later, BNY, which holds the fund’s underlying assets, and Ripple said BNY’s digital asset custody platform now supports XRP and RLUSD. How the tokenized share class works The new class gives eligible investors access to the Sterling Liquidity Fund through digital tokens on the XRP Ledger. The fund itself is a big one, with approximately £22 billion in assets under management. Aviva is using what it calls a “digital twin” model. The fund keeps running off-chain as it always has, while investors’ holdings are reflected on the ledger. Nothing about the fund’s core setup changes. It keeps the same investment objectives, the same risk profile, and the same daily liquidity. It also keeps its regulatory protections under UCITS, the European framework that governs funds sold to investors across the region. The shares are issued as Multi-Purpose ...