Aviva Investors launches first tokenized fund on XRPL

Aviva Investors has launched a tokenized share class of its US Dollar Liquidity Fund on the XRP Ledger, moving its Ripple partnership into production. Summary Aviva Investors launched its first tokenized fund structure on the XRP Ledger. The Ireland-domiciled fund received Central Bank of Ireland approval for its new share class. Eligible investors can access the fund through digital wallets while BNY Mellon holds the underlying assets. XRP Ledger hosts approximately $4.37 billion in distributed and represented real-world assets. Aviva brings its USD liquidity fund to XRPL Aviva Investors and Ripple announced the launch on July 29, following a tokenization partnership disclosed in February. The product is a new share class of the Aviva Investors US Dollar Liquidity Fund, an Ireland-domiciled UCITS money market fund launched in its traditional form in 2020. The companies are using a “digital twin” structure. Fund holdings are represented on the XRP Ledger, while the existing off-chain fund and its regulated framework remain in place. Eligible investors with approved digital wallets will receive the same investment objective, risk profile, liquidity terms and regulatory protections a...