--- title: "Aviva Investors Launches Tokenized Share Class for £22B Sterling Fund on XRP Ledger" description: "The asset manager committed £50 million to the new vehicle, expanding its European tokenized money market fund assets beyond £86 million." url: https://basisdesk.news/news/aviva-investors-tokenized-sterling-liquidity-fund-xrp-ledger published: 2026-10-26T11:56:31.023Z modified: 2026-10-26T11:56:31.023Z section: RWA & Tokenization author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: bullish tickers: [XRP] tags: [XRP Ledger, tokenization, money-market-funds, asset-management, institutional-crypto] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # 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. ## At a glance - **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. - **Status:** announced - **Primary source:** [Aviva Investors expands its tokenised offering with the launch of a Sterling Liquidity Fund tokenised share class](https://ripple.com/ripple-press/aviva-investors-expands-its-tokenised-offering-with-the-launch-of-a-sterling-liquidity-fund-tokenised-share-class) — ripple.com ## 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]. ## Editorial remark - **Context:** Aviva Investors initially entered the tokenized fund space in July 2026 with a USD Liquidity Fund product. The expansion to sterling brings its flagship £22 billion vehicle onto institutional blockchain infrastructure. - **Impact:** Aviva Investors becomes one of Europe's largest tokenized money market fund providers, demonstrating viable dual-rail fund operations where UCITS structures integrate directly with public distributed ledgers. - **Watch:** Market uptake from eligible institutional investors and whether Aviva or other European asset managers announce additional UCITS tokenizations on public networks. 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](https://basisdesk.news/news/csd-br-ripple-xrp-ledger-brazil-tokenization) [1]. Aviva Investors indicated that it intends to assess additional opportunities across tokenized fund products [1]. ## FAQ **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. [Aviva Investors expands its tokenised offering with the launch of a Sterling Liquidity Fund tokenised share class](https://ripple.com/ripple-press/aviva-investors-expands-its-tokenised-offering-with-the-launch-of-a-sterling-liquidity-fund-tokenised-share-class) — ripple.com, 2026-10-26 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai