XRP Ledger Gets Another Major Fund as Aviva Expands Tokenization Push

Following its USD fund launch, Aviva has added a sterling product to XRPL, while strengthening its partnership with Ripple in Europe. Aviva Investors has expanded its tokenized investment offerings with the launch of a new tokenized share class for its Sterling Liquidity Fund on the XRP Ledger (XRPL). The announcement was made by Aviva Investors and Ripple. According to the official blog post, the Sterling Liquidity Fund is Aviva Investors’ largest fund, with approximately £22 billion in assets under management. With this latest launch, Aviva Investors has expanded its presence in the tokenized money market fund sector. The firm now has more than £86 million, or around $116 million, invested across its two tokenized fund offerings. Expansion of Tokenised Offerings Aviva has also invested £50 million, worth approximately $66 million, in the new Sterling Liquidity Fund tokenized share class. 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. This approach allows investors to access tokenized fund shares without changing the underlying invest...