Aviva Investors Launches Tokenized USD Liquidity Fund on XRP Ledger

Aviva Investors has launched its first tokenized fund on the XRP Ledger, providing eligible investors with access to a regulated US dollar liquidity fund.

The launch follows the Central Bank of Ireland's approval of the tokenized structure, which allows blockchain access for eligible investors.

The USD Liquidity Fund is invested in high-grade, short-term US dollar-denominated debt securities and money market instruments issued by governments, banks, and corporations.

Aviva Investors partnered with Ripple to launch the fund on XRPL, with the XRP Ledger providing the blockchain infrastructure for issuing and managing the tokenized shares.