Aviva Investors Brings Its First Tokenized Fund Class to XRPL

Aviva Investors Brings Its First Tokenized Fund Class to XRPL

Daniel Francis

Wed, August 12, 2026 at 12:50 PM GMT+3 3 min read

In XRP news today, Aviva Investors, the global asset management arm of Aviva plc, has issued a tokenized share class of its US Dollar Liquidity Fund on the XRP Ledger (XRPL) in collaboration with Ripple, with the structure approved by the Central Bank of Ireland, according to reporting from Ledger Insights and Structured Retail Products.

This is not simply a proof-of-concept announcement. It is the operational follow-through on a partnership Aviva Investors and Ripple disclosed on February 11, 2026, marking the asset manager's first venture into fund tokenization and one of Ripple's first collaborations with a European investment manager.

This news dropped as XRP USD climbed +1.3% over the past 24 hours. However, this modest increase still has the token sitting precariously above its 18-month support level of $1. It is currently trading for $1.02 with a daily trading volume of $1.26Bn.

XRP News: How the Tokenized Share Class Works

Per Ledger Insights, the new share class sits within Aviva Investors' existing US Dollar Liquidity Fund, a European UCITS money market fund whose other share classes already hold approximately $1.23Bn in assets under management.

The tokenized class carries a minimum investment threshold and functions as a digital twin: on-chain tokens mirror a conventional book-entry register, with the two reconciled daily rather than existing as an independently transferable instrument.

Structured Retail Products reports that the tokens are not freely transferable and are available only to eligible investors holding digital wallets.

Komainu has been named as the regulated institutional digital-asset custodian for the tokenized layer, while Bank of New York Mellon continues to serve as custodian for the underlying fund assets, with tokenization infrastructure supplied by Licuido.

The underlying portfolio remains a conventional short-term, high-grade US dollar debt allocation; XRP itself is not held as an underlying asset, and XRPL functions here as issuance and recordkeeping infrastructure rather than an investment exposure.

Coverage of the Central Bank of Ireland's role in approving the structure is detailed further in this Coinspeaker report on the CBI approval.

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The February Partnership and What Was Said

The collaboration was first announced by Aviva Investors and Ripple on February 11, 2026, with both firms framing it as a long-term effort to bring tokenized funds to XRPL through 2026 and beyond.

Jill Barber, Chief Distribution Officer at Aviva Investors, said the firm was "really delighted to announce our collaboration with Ripple," adding that tokenization could bring "improvements in terms of both time and cost efficiency" and that she believed "tokenized funds can be hugely beneficial to our clients."

Nigel Khakoo, Vice President of Trading and Markets at Ripple, said tokenization is "now moving from experimentation to large-scale production," and that XRPL's "built-in compliance tools, near-instant settlement, and native liquidity" provide infrastructure suited to institutional assets.

At the time of the February announcement, Ripple cited XRPL as having processed more than 4 billion transactions since 2012 across over 7 million active wallets, maintained by 120 independent validators.

Where This Fits Within XRPL's Institutional Push

(SOURCE: DefiLlama)

In other XRP news, the Aviva launch extends a pattern of asset managers using XRPL as a settlement and issuance layer for regulated products rather than as a venue for XRP exposure itself.

Ripple has backed infrastructure providers including ZILO and Licuido to build out custody, transfer-agency, and trading tooling around the ledger, detailed in Coinspeaker's coverage of Ripple's XRPL tokenization stack.

That buildout coincides with broader growth in tokenized real-world assets on XRPL, which has surpassed $3 billion in value according to Coinspeaker's reporting on the network's RWA expansion.

We suspect the non-transferable, reconciled-daily design of Aviva's token reflects a deliberately conservative first step, with collateral mobility and 24/7 transferability likely reserved for later iterations once the regulatory and operational track record is established.

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Read original story Aviva Investors Brings Its First Tokenized Fund Class to XRPL by Daniel Francis at Coinspeaker.com