Aviva Investors Launches XRPL-Based Tokenized Fund After Central Bank of Ireland Approval

Aviva Investors, the London-based asset management arm of Aviva Plc, has launched a tokenized share class of its US Dollar Liquidity Fund on the XRP Ledger (XRPL) after receiving approval from the Central Bank of Ireland. This marks the firm's first foray into the digital asset space. The tokenized class offers eligible investors blockchain-based access to the fund while maintaining traditional custody arrangements, with underlying assets held by BNY Mellon. Komainu provides digital asset custody, and Licuido supplies the tokenization infrastructure. The fund, which invests in high-grade, short-term US dollar-denominated debt securities, maintains the same investment objective and liquidity profile as the conventional version. This launch follows Aviva Investors' partnership with Ripple, announced earlier this year. The fund joins a growing list of tokenized investment products on public blockchains, following Archax's tokenization of abrdn's US Dollar Liquidity Fund in 2024. Major asset managers like BlackRock, Franklin Templeton, and Apollo have also launched tokenized funds, reflecting the expanding demand for blockchain-based financial products. This development signals how traditional asset managers are integrating with the digital asset ecosystem.