Aviva and Ripple Launch Regulated Tokenized Fund on XRP Ledger

Ripple and Aviva have collaborated to launch a regulated tokenized fund on the XRP Ledger. The USD Liquidity Fund is now available as a blockchain-based share class, with eligible investors able to access it through digital wallets.

The new product offers low-risk returns and daily liquidity through high-grade, short-term US dollar debt. BNY Mellon will hold custody of the underlying assets, while tokenized units will be offered to eligible wallet users.

Aviva Investors' CEO Mark Versey stated that Ripple's role in the project was significant, and the manager plans to explore other tokenized fund structures in the future. Nigel Khakoo, executive at Ripple, said the launch demonstrates a regulated investment product can work on live blockchain architecture.