Aviva Investors Debuts Tokenized Share Class on XRP Ledger

Aviva Investors has launched a tokenized share class of its US Dollar Liquidity Fund on the XRP Ledger, after receiving approval from the Central Bank of Ireland. The fund's underlying assets will be held by custodian BNY Mellon, while Komainu will provide digital asset custody and Licuido will supply the tokenization infrastructure.

The US Dollar Liquidity Fund invests in high-grade, short-term US dollar-denominated debt securities and money market instruments issued by governments, banks, and corporations. The tokenized share class offers the same investment objective and liquidity profile as the conventional fund.

This launch follows Aviva Investors' partnership with Ripple, announced earlier this year. Ripple's XRP Ledger provides the blockchain infrastructure for issuing and managing the tokenized shares.