Aviva Launches Regulated USD Fund on XRPL

Aviva Investors has launched a tokenized USD Liquidity Fund share class on XRPL (Ripple), giving institutional investors digital access to a regulated fund. The launch adds a regulated money-market product to XRPL, linking traditional asset management with blockchain issuance and servicing.

The new share class was approved by the Central Bank of Ireland and provides Komainu custody and Licuido infrastructure support. This marks Aviva's first foray into tokenization and follows its partnership with Ripple in February. The underlying investment strategy remains unchanged from the conventional fund structure, which was created in 2020.

The tokenized share class operates on the XRP Ledger public blockchain, allowing eligible investors to access fund shares through digital wallets. Aviva Investors highlighted the benefits of tokenization, including operational efficiency and potential future collateral-management applications.