Aviva Tokenizes Liquidity Fund on XRP Ledger in Regulated Blockchain Push

Aviva Investors has taken a significant step into blockchain finance by launching a tokenized share class of its US Dollar Liquidity Fund on the XRP Ledger.

The move marks Aviva's first foray into tokenization and is the result of its partnership with Ripple, signaling a shift towards regulated, on-chain financial instruments that mirror traditional fund structures.

Instead of creating a new investment vehicle, Aviva opted to tokenize an existing regulated fund using a digital twin model. Each token reflects ownership of the off-chain fund and preserves its investment strategy, daily liquidity, risk profile, and regulatory protections.

The structure has earned approval from the Central Bank of Ireland, making it the first regulatory-approved tokenized fund of its kind. This milestone shows that tokenized financial products can operate within established frameworks, strengthening institutional confidence in blockchain infrastructure.