Aviva Investors launches tokenized share class of $29B Sterling fund on XRP Ledger

The move marks Aviva’s second fund to list tokenized shares, part of a broader collaboration to bring more tokenized funds to the XRP Ledger. Aviva Investors, the asset management arm of UK-based insurer Aviva, launched a tokenized share class of its Sterling (GBP) Liquidity Fund on the XRP Ledger (XRPL). The development adds a tokenized share class of the company’s largest fund of approximately 22 billion British pounds ($29.4 billion) in assets under management on XRPL and allows investment in the fund in tokenized format, Ripple and Aviva revealed in a joint announcement on Monday.