Aviva Investors Expands Tokenized Fund Offerings on XRP Ledger

Update (Oct 26, 11:57 UTC): Aviva Investors has expanded its tokenized fund offerings on the XRP Ledger by launching a tokenized share class for its largest fund.

Aviva Investors has expanded its partnership with Ripple by launching a tokenized share class of its £22 billion Sterling Liquidity Fund on the XRP Ledger ($XRP), according to CryptoNews. The asset manager invested £50 million into the new sterling offering, bringing its combined tokenized share class investments to over £86 million across two products.

Digital-Twin Structure and Infrastructure

The Sterling Liquidity Fund, established in 2002 and domiciled in Ireland, is Aviva's largest fund, investing in high-grade, short-term debt instruments denominated in British pounds. The new share class utilizes a digital-twin structure, allowing fund ownership to be represented on XRPL while conventional fund arrangements remain in place. Eligible investors retain the fund's investment objectives, risk profile, daily liquidity, and regulatory protections.

Blockchain and custody infrastructure for the offering is supported by Ripple, Komainu, Licuido, and BNY Mellon. Komainu provides institutional digital asset custodianship, Licuido supplies issuance and management infrastructure, and BNY Mellon acts as custodian for the fund's underlying assets. The launch follows Aviva's introduction of a U.S. dollar liquidity fund share class on the network in July, which was approved by the Central Bank of Ireland.

Institutional Tokenization Growth

Ripple’s senior vice president of trading and markets, Nigel Khakoo, noted that financial institutions are increasingly adopting infrastructure built for continuous access and real-time settlement. The XRP Ledger has processed over 4 billion transactions since 2012, supports nearly 8 million active wallets, and relies on more than 130 independent validators.

Aviva’s latest deployment adds to a broader trend of major asset managers utilizing blockchain networks for institutional fund distribution, following recent tokenized fund expansions by JPMorgan Asset Management, Franklin Templeton, and BlackRock.

Key facts

• Aviva Investors launched a tokenized share class of its £22 billion Sterling Liquidity Fund on the XRP Ledger.
• The firm invested £50 million into the new offering, pushing total tokenized investments across its sterling and dollar products above £86 million.
• The fund's blockchain and custody infrastructure is supported by Ripple, Komainu, Licuido, and BNY Mellon.
• The digital-twin structure allows fund ownership to be represented on XRPL while preserving conventional regulatory protections and daily liquidity.