Aviva Investors launches tokenized share class of $29B Sterling fund on XRP Ledger
The move marks Aviva’s second fund to list tokenized shares, part of a broader collaboration to bring more tokenized funds to the XRP Ledger.
Aviva Investors, the asset management arm of UK-based insurer Aviva, launched a tokenized share class of its Sterling (GBP) Liquidity Fund on the XRP Ledger (XRPL).
The development adds a tokenized share class of the company’s largest fund of approximately 22 billion British pounds ($29.4 billion) in assets under management on XRPL and allows investment in the fund in tokenized format, Ripple and Aviva revealed in a joint announcement on Monday.
It is the asset manager’s second tokenized fund, after Aviva expanded its USD Liquidity Fund to the XRPL network earlier in July.
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