Aviva Investors Puts Its Sterling Liquidity Fund on the XRP Ledger as Tokenization Push Grows

Aviva Investors, the asset management arm of the UK insurer Aviva, has rolled out a tokenized share class of its Sterling Liquidity Fund on the XRP Ledger. The fund is the firm’s biggest, holding roughly 22 billion pounds, or $29.4 billion, in assets. Ripple and Aviva announced the launch together on Monday, and investors can now buy into the fund in tokenized form. Aviva also put 50 million pounds of its own money into the new share class.

Second Tokenized Fund for Aviva

This is the company’s second tokenized product on the network. Earlier in July, it brought its USD Liquidity Fund to the XRP Ledger. Across both tokenized share classes, about 86 million pounds is now invested, which Aviva says makes it one of Europe’s largest providers of tokenized money market funds. The move is part of a wider partnership with Ripple that aims to bring more tokenized funds to the ledger.

XRP Ledger Real World Asset Market Position

The XRP Ledger ranks as the ninth largest blockchain for tokenized assets, according to RWA.xyz. It holds $642 million in distributed real world asset value and has around 2,900 unique holders.