WirepolicyDextape brief
Aviva’s £50m tokenized fund: What changes for investors
Aviva Investors adds a tokenized share class to its £22 billion Sterling Liquidity Fund on the XRP Ledger, backed by a £50 million commitment.
Dextape brief
Aviva Investors has launched a tokenized share class of its Sterling (GBP) Liquidity Fund on the XRP Ledger, with Aviva investing £50 million in the new class. The fund is the firm's largest, at about £22 billion in assets under management, and eligible investors can now hold units as digital tokens in XRP Ledger wallets. According to Aviva, the tokens represent an interest in the underlying fund and carry the same objectives, risks and protections. The company says its sterling and US dollar tokenized share classes together exceed £86 million, and it plans to tokenize more funds, starting with money-market funds. Separately, BNY and Ripple said BNY's custody platform now supports XRP and RLUSD.
Why it matters: It shows a large UK asset manager issuing fund ownership records on the XRP Ledger while the underlying regulated fund continues unchanged.
Read the full story
Dextape context
Built from Dextape’s own wire, stories and glossary.
Terms in this story
- Liquidity
- How easily an amount can be bought or sold without moving the price much.
Mentioned in this story
Open a coin page for its current price.