Crypto
Aviva Investors Launches First Regulated Tokenized Fund on XRP Ledger
Aviva Investors has launched a tokenized share class of its U.S. dollar liquidity fund on the XRP Ledger, marking the first regulated blockchain-based investing product from the global asset management business of Aviva plc.
The new share class retains the conventional fund's investment objective, risk profile, and regulatory protections while using blockchain infrastructure for issuance and administration.
Komainu provides custody support for the tokenized share class, while Licuido supplies the technology for issuing and administering the fund shares onchain.
The launch is a result of Aviva's partnership with Ripple earlier this year and marks the initial phase of their broader collaboration to place regulated fund structures on XRPL.