Aviva Investors launches tokenized Sterling Liquidity Fund…
By Tobi Opeyemi Amure
AI summary of the source article
Aviva Investors has partnered with Ripple to launch a tokenized share class of its £22 billion Sterling Liquidity Fund on the XRP Ledger. The new offering includes a £50 million investment.
Why it matters
Aviva Investors CEO Mark Versey stated: "We believe tokenised funds can increase efficiency and ultimately lead to improved client outcomes."
Key facts
- Aviva Investors launched a tokenized share class of its Sterling Liquidity Fund on the XRP Ledger in partnership with Ripple.
- The manager has over £86 million invested across two tokenized share classes, including £50 million in the new sterling fund.
- The Ireland-domiciled UCITS fund uses a digital twin model, with The Bank of New York Mellon acting as custodian.
Source excerpt · FinanceFeeds
Aviva Investors has launched a tokenized share class of its Sterling (GBP) Liquidity Fund on the XRP Ledger, expanding its blockchain-based investment offering with a fund that holds approximately £22 billion in assets. Announced on October 26 in partnership with Ripple, the launch marks the asset manager’s second tokenized fund offering, following the introduction of a tokenized share class for i…