Aviva Investors Launches Tokenized Sterling Fund on XRP Ledger

Aviva Investors and Ripple announced the launch of a tokenized share class for Aviva's Sterling Liquidity Fund on the XRP Ledger. The new offering represents approximately 22 billion British pounds in assets under management. This move allows investors to access the fund in a tokenized format.

This is Aviva's second tokenized fund, following the expansion of its USD Liquidity Fund to the network earlier in July. Aviva stated that this makes it one of Europe's largest providers of tokenized money market funds.

The expansion is part of a broader collaboration between Aviva and Ripple to bring more tokenized funds to the XRP Ledger. The network currently ranks as the ninth-largest for tokenized assets, holding $642 million in distributed real-world asset value with about 2,900 unique holders.