Aviva Tokenizes Liquidity Fund on XRP Ledger

Aviva Investors has made a significant move into blockchain-based finance by launching a tokenized share class of its US Dollar Liquidity Fund on the XRP Ledger (XRPL). This marks Aviva's first tokenized fund and the first product to emerge from its partnership with Ripple.

The tokenized fund uses a digital twin model, where each on-chain token mirrors ownership of the underlying off-chain fund. This gives investors the same investment strategy, daily liquidity, risk profile, and regulatory protections as the traditional fund while unlocking the efficiency, transparency, and around-the-clock accessibility of blockchain.

The structure has secured approval from the Central Bank of Ireland, making it the first regulatory-approved tokenized fund of its kind. The milestone demonstrates that tokenized financial products can operate within existing regulatory frameworks, reinforcing growing institutional confidence in blockchain infrastructure.