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 has launched a tokenized share class of its Sterling Liquidity Fund on the XRP Ledger, marking a significant step in the asset manager's digital asset strategy. The fund, which manages approximately $29 billion in assets, joins a growing list of traditional financial products being brought onto blockchain infrastructure. The tokenized shares are part of a broader collaboration aimed at expanding the presence of institutional-grade tokenized funds on Ripple's XRP Ledger.
This represents Aviva Investors' second fund to feature tokenized shares, indicating a deliberate and ongoing commitment to blockchain-based fund distribution rather than a one-off experiment. The initiative aligns with a wider industry trend of asset managers exploring tokenization as a means to improve settlement efficiency, reduce operational costs, and enhance accessibility for institutional investors.
The move carries notable implications for the tokenized assets market, which has seen increasing participation from established financial institutions in recent months. By choosing the XRP Ledger as infrastructure, Aviva lends additional credibility to Ripple's ongoing efforts to position its network as a viable platform for institutional finance. Analysts view such partnerships as a key signal that tokenization of real-world assets is moving from pilot phases into more structured, scalable deployments.
Going forward, market participants will be watching whether additional share classes or entirely new funds from Aviva Investors follow on the XRP Ledger, and how regulatory frameworks across key jurisdictions respond to the growing volume of tokenized institutional products.
Source: Cointelegraph
