Aviva Tokenizes USD Liquidity Fund on XRP Ledger with Ripple Partnership

Aviva Investors has launched a tokenized share class of its US Dollar Liquidity Fund on the XRP Ledger, marking its first foray into tokenized fund products. The Central Bank of Ireland approved this new share class, allowing eligible investors to access the fund via digital wallets while BNY Mellon holds the underlying assets.

The launch employs a 'digital twin' structure, where fund holdings are represented on the blockchain without moving the actual securities. This move is expected to enhance efficiency and client outcomes, with Ripple supporting the blockchain infrastructure as part of its broader institutional strategy.