Aviva Investors launches first tokenized fund on XRP Ledger

Aviva Investors, the asset management arm of the British insurance giant, has launched its first tokenized fund on the XRP Ledger, moving a partnership with blockchain firm Ripple into a live financial product. The announcement was made on July 29, 2026, and represents a significant step for institutional adoption of blockchain technology in traditional finance.

The new product is a tokenized share class of the Aviva Investors US Dollar Liquidity Fund, an Ireland-domiciled money market fund that was first launched in its traditional form in 2020. The Central Bank of Ireland has approved the new share class, allowing it to operate within the fund's existing regulated framework. The structure uses a "digital twin" model, where the fund's holdings are represented on the XRP Ledger blockchain while the underlying assets remain in conventional custody with BNY Mellon.

Eligible investors with approved digital wallets can access this share class, which offers the same investment objective, risk profile, and liquidity terms as the conventional version. The fund targets low-risk returns and daily liquidity through high-grade, short-term debt instruments denominated in U.S. dollars. For...