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 FundThe Sterling fund follows the launch of Aviva’s USD Liquidity Fund on XRPL earlier in July. Together, the two tokenized share classes hold about £86 million in investments.
Aviva said this makes it one of Europe’s largest providers of tokenized money market funds. The company also made a £50 million investment of its own in the new Sterling share class.
Ripple Partnership Targets More Tokenized FundsThe launch is part of a wider collaboration between Aviva and Ripple. Both companies say they aim to bring more tokenized funds to the XRP Ledger, pointing to further expansion beyond the two liquidity funds.
XRPL’s Position in the RWA MarketAccording to RWA.xyz data, the XRP Ledger is the ninth-largest blockchain network for tokenized assets. It holds $642 million in distributed real-world asset value, spread across about 2,900 unique holders.
Institutional launches like Aviva’s could help XRPL climb the ranking as more traditional asset managers move money market products on-chain.