Key facts
- Aviva Investors launched a tokenized share class of its £22 billion Sterling Liquidity Fund on the XRP Ledger.
- The new share class allows qualified investors to buy and sell shares via digital wallets.
- Aviva has contributed £50 million to the offering.
- The fund aims to offer low-risk returns and daily liquidity.
- Aviva Investors is one of the largest issuers of tokenized money market funds in Europe.
Aviva Investors, the asset management arm of UK-based insurer Aviva, has launched a tokenized share class for its 22 billion pound Sterling Liquidity Fund on the XRP Ledger. This move follows the company's introduction of a tokenized USD money market fund in July. The new share class allows eligible investors to purchase and trade shares of the fund using digital wallets, while the underlying assets remain off-chain. Aviva has invested 50 million pounds in this new offering, which aims to provide low-risk returns and daily liquidity. This initiative positions Aviva Investors as a significant issuer of tokenized money market funds in Europe.