XRP News: Ripple Taps UK Investment Giant to Bring RWA Tokenization on XRP Ledger

Michael Adeleke
2 hours ago
Michael Adeleke

Michael Adeleke

Crypto Journalist
Expertise : Cryptocurrency, Blockchain, DeFi
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
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Ripple teams up with UK giant Aviva to tokenize fund structures on XRP Ledger,

Highlights

  • Ripple partners with Aviva Investors to launch tokenized traditional fund products on the XRP Ledger
  • Aviva Investors says tokenized fund structures could deliver cost and time efficiencies to its clients.
  • CEO Brad Garlinghouse reaffirmed that XRP remains a top strategic priority for the firm.

Ripple has announced a new partnership agreement with one of the key investment giants in the UK, Aviva Investors, for bringing traditional fund constructs to the XRP ledger, in response to growing interest in the tokenization of markets.

Aviva Investors to Debut Tokenized Products Using XRP Ledger

In a press release, Ripple said that this year, it will start working in association with Aviva Investors to include traditional financial assets in its ledger.

The network has processed over four billion transactions since 2012, has over seven million active wallets, and operates through 120 individual validators. The partnership with Aviva Investors marks the first time Ripple has collaborated with an asset manager on the continent.

This also comes at a time when Ripple shared in its roadmap at the end of last year that it would be building on its institutional push for tokenization on the XRP Ledger. The notable partnerships that this firm has entered into globally include BNY, American Express, and PNC Bank.

“Institutions like Aviva Investors are now focused on how to deploy regulated financial assets at scale. The development of tokenised fund structures is one that we believe can bring huge technological efficiencies to the investment sector,” said Nigel Khakoo, Vice President, Trading and Markets.

Jill Barber, Chief Distribution Officer at Aviva Investors, also highlighted that bringing this onto the XRP ledger could offer many benefits to investors.

“We believe there are many benefits that tokenisation can bring to investors, including improvements in terms of both time and cost efficiency, he said.” We think tokenised funds can be hugely beneficial to our clients.”

Ripple’s Future Still Tied to Its Token, CEO Confirms

The firm’s CEO, Brad Garlinghouse, has come out to reaffirm that XRP is still the top priority. This comes amid the various ecosystem expansions seen that may not directly affect the token’s utility.

For instance, yesterday, Ripple announced a new partnership with Zand Bank to boost the adoption of RLUSD in the UAE. Many investors have speculated that the firm is more concerned about boosting its stablecoin activity than the token.

Garlinghouse spoke to the ongoing discussions, saying “The XRP family will always be top of mind,” he said. Notably, the firm has bet big on the future of the coin. The firm invested in a $1 billion project to establish a treasury on the altcoin.

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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.

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About Author
About Author
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
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.
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