Ripple brings Aviva Investors’ £22B fund share class to XRP Ledger

Aviva Investors has launched a tokenized share class of its £22 billion Sterling Liquidity Fund on the XRP Ledger, investing £50 million in the new offering as its partnership with Ripple expands into a second money market fund. Summary Aviva Investors has launched a tokenized share class of its £22 billion sterling fund on XRPL. The company invested £50 million, taking combined tokenized share class investments above £86 million. Eligible investors retain the conventional fund’s investment objectives, liquidity characteristics and regulatory protections. Ripple, Komainu, Licuido and BNY Mellon support the fund’s blockchain and custody infrastructure. According to an October 26 announcement, Aviva Investors now has more than £86 million ($116 million) invested across its two tokenized share classes, including the sterling product and the U.S. dollar liquidity fund introduced in July. The £22 billion figure represents the total assets managed by the existing Sterling Liquidity Fund, not the amount transferred onto the blockchain. Aviva said the tokenized shares would provide another way for eligible investors to access the conventional fund. Ripple expands XRP Ledger fund offerings ...