XRP News: Aviva Investors Partners With Ripple to Launch Tokenized USD Liquidity Fund on XRPL

1 hrs ago

Managing Editor (News)

Expertise : Crypto, Stocks, Tokenization, AI, Prediction Markets, Crypto Regulation

Boluwatife Adeyemi is a well-experienced crypto news writer and editor with a focus on macro topics, crypto policy and regulation and the intersection between DeFi and TradFi. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.

Read full bio

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Aviva Investors Tokenizes USD Fund On XRP Ledger

In a press release, the asset manager announced the successful launch of a tokenized share class of its USD Liquidity Fund on the XRP Ledger. “This marks the first tokenisation of an Aviva Investors fund, and follows the announcement of the partnership between the firm and Ripple early in the year,” the release read.

As CoinGape reported, Ripple partnered with Aviva Investors earlier this year to advance tokenization on the XRP Ledger. This is notably Ripple’s first partnership with a European investment firm to tokenize real-world assets (RWA) at scale.

Aviva Investors revealed that crypto custodian Komainu and digital platform company Licuido both supported the launch of the tokenized share class. Meanwhile, the asset manager also received approval from the Central Bank of Ireland (CBI) for the launch of this tokenized fund.

Coincidentally, the launch of this tokenized fund comes as the Ripple-backed XRP Ledger fix amendment goes live. The network’s developers have continued to push upgrades in a bid to boost the network’s institutional adoption.

How The Fund Works

Aviva Investors noted that the fund targets low-risk returns and daily liquidity by offering investors exposure to high-grade US dollar-denominated short-term debt instruments. The asset manager further mentioned that the new share class will be available to eligible investors with digital wallets.

Meanwhile, BNY Mellon, the fund’s custodian, will be responsible for holding the assets for these tokenized shares. “The structure has been designed to operate within existing regulatory frameworks, providing a scalable foundation for future innovation in fund distribution and market infrastructure,” the asset manager added.

The XRP Ledger continues to see increased activity in terms of tokenization. RWA.xyz data shows that the total tokenized value on the network currently stands at just over $4.3 billion. The RWA holders on the network are notably up over 17% in the last month.

For more on tokenization, please check out our page on Best Platforms to Trade Tokenized Stocks

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.