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RWA & Tokenization · 1 min read

Aviva Investors Launches Tokenized Share Class for £22B Sterling Fund on XRP Ledger

The asset manager committed £50 million to the new vehicle, expanding its European tokenized money market fund assets beyond £86 million.

Editorial oversight: Julian Mercer, Chief Editor
Bullish
$XRP $1.29 −0.4%

At a glance Announced

What happened
Aviva Investors launched a tokenized share class for its £22 billion Sterling Liquidity Fund on the XRP Ledger with a £50 million seed investment.
Why it matters
The launch increases Aviva's tokenized money market assets to over £86 million, cementing its status as one of Europe's largest tokenized fund managers.
Who is affected
Eligible institutional investors seeking tokenized sterling liquidity exposure, as well as custody partners Komainu and BNY Mellon.
Takes effect
2026-10-26
What's next
Aviva Investors and Ripple intend to evaluate further tokenized fund issuance opportunities.
Primary source
ripple.com: Aviva Investors expands its tokenised offering with the launch of a Sterling Liquidity Fund tokenised share class

Key points

  • Aviva Investors launched an XRP Ledger-based tokenized share class for its £22 billion Sterling Liquidity Fund 1.
  • Aviva seeded the share class with £50 million, raising its total tokenized money market fund assets above £86 million 1.
  • The vehicle uses a digital twin model with BNY Mellon as custodian and support from Komainu and Licuido 1.

Aviva Investors has introduced a tokenized share class for its £22 billion Aviva Investors Sterling Liquidity Fund on the XRP Ledger 1. Announced on Oct. 26, 2026, the vehicle represents the firm's second on-chain offering following the rollout of a tokenized USD Liquidity Fund share class in July 2026 1. Aviva plc seeded the new sterling share class with a £50 million ($66 million) allocation 1.

Across both tokenized share classes, Aviva Investors now manages more than £86 million ($116 million) in tokenized money market fund assets 1. The fund itself is an Ireland-domiciled UCITS money market fund that invests in high-grade, UK sterling-denominated short-term debt instruments while offering daily liquidity 1. To bring the product on-chain, the manager deployed a "digital twin" framework, reflecting fund holdings on the XRP Ledger while keeping the legal, regulatory, and custody setup of the conventional structure intact 1. All underlying assets continue to be held by the fund's custodian, The Bank of New York Mellon 1.

Institutional Infrastructure

The issuance relies on digital asset infrastructure from Licuido and institutional custody from regulated custodian Komainu 1. Eligible market participants hold the tokenized shares through digital wallets, maintaining identical regulatory protections and investment guidelines as the flagship sterling fund first created in 2002 1. Mark Versey, chief executive of Aviva Investors, noted that the launch establishes a foundation for wider fund distribution efficiencies 1. At the time of writing, $XRP traded at $1.29.

Ripple highlighted that the initiative leverages the XRP Ledger for continuous settlement and enterprise-level compliance 1. The expansion mirrors growing institutional appetite to bridge traditional debt capital markets with on-chain ledgers, alongside related regional efforts such as when CSD BR partnered with Ripple to mirror financial assets on XRP Ledger 1. Aviva Investors indicated that it intends to assess additional opportunities across tokenized fund products 1.

Questions this story raises

What is the Aviva Investors Sterling Liquidity Fund?
It is an Ireland-domiciled UCITS money market fund managing approximately £22 billion in short-term UK sterling debt instruments.
How are the fund's assets protected in tokenized format?
The fund employs a digital twin model where all underlying assets are held off-chain by the fund's custodian, The Bank of New York Mellon, preserving conventional regulatory protections.

Sources

  1. [1] Aviva Investors expands its tokenised offering with the launch of a Sterling Liquidity Fund tokenised share class — ripple.com, October 26, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: corrections@basisdesk.news · corrections policy.

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