Aviva’s £50m tokenized fund: What changes for investors
By Kyle Pare
AI summary of the source article
Aviva Investors has launched a tokenized share class of its £22 billion Sterling Liquidity Fund on the XRP Ledger, investing £50 million into the new class. The structure allows eligible investors to hold fund units in digital wallets.
Why it matters
According to Aviva, potential benefits of tokenization include "streamlined fund ownership, improved transparency, tamper-resistant recordkeeping and settlement functions and other opportunities to connect traditional investment products with new digital markets."
Key facts
- Aviva invested £50 million in the new tokenized share class of its £22 billion Sterling Liquidity Fund on the XRP Ledger.
- Partners include BNY Mellon as asset custodian, Komainu for digital token custody, Licuido for the tokenization platform, and Ripple as technology partner.
- Total investment across Aviva's sterling and US dollar tokenized share classes exceeds £86 million.
Source excerpt · DL News
Aviva Investors adds a tokenized share class to its £22 billion Sterling Liquidity Fund on the XRP Ledger, backed by a £50 million commitment.