Aviva put its largest fund on the XRP Ledger. Who can actually trade it?

Aviva Investors has added an XRP Ledger share class to its £22 billion Sterling Liquidity Fund. The launch brings a very large traditional fund into the tokenisation story, though only a small slice of its assets is represented by tokens so far. Summary The £22 billion figure describes the entire Sterling Liquidity Fund, while more than £86 million is invested across Aviva’s two tokenised liquidity share classes. Eligible investors with approved digital wallets can access the new sterling class; the announcement does not describe a public exchange listing for anyone with an XRPL wallet. BNY remains custodian of the fund assets, with Komainu providing digital asset custody support and Licuido supplying tokenisation infrastructure. Aviva launched a tokenised US dollar liquidity class in July after announcing its Ripple partnership in February. A tokenised fund share is a claim within a regulated fund structure, and its presence on a public ledger does not turn the fund’s underlying securities into freely traded tokens. The number that catches the eye is £22 billion. It is the size of the existing sterling money market fund, not a new £22 billion order flowing onto the XRP Ledger. Fin...