The company has introduced a tokenized share class for its largest fund by assets under management, starting with a £50M investment into the new product. This offering allows for the on-chain trading of the Sterling Liquidity Fund via the XRP Ledger.
The move expands the firm’s blockchain-based portfolio following the launch of a USD liquidity fund in July. The sterling-denominated fund totals £22B in assets.
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Aviva’s decision validates XRP Ledger as an institutional venue for tokenized sterling liquidity products. Other UK and European asset managers treat the launch as a workable template, especially after the ledger’s recent permission-delegation upgrade.
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Aviva and Ripple keep the product tightly permissioned, prioritizing compliance, fund-accounting accuracy, and operational resilience over fast distribution. The market sees the launch as important but not immediately transformative for mainstream asset management.
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Regulators accept the principle of tokenized funds but scrutinize custody, client eligibility, disclosure, and ledger-governance arrangements. The outcome slows adoption without reversing the industry’s broader move toward tokenized money-market and liquidity products.
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Aviva’s XRP Ledger launch and JPMorgan’s Solana-based money-fund activity accelerate competition among public chains, bank networks, and Ethereum-based systems. The market expands, but no single ledger wins outright in the near term.
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