Aviva Backs Tokenized Fund Share Class on XRP Ledger With £50M

On Oct. 26, 2026, Ripple and Aviva Investors jointly revealed the introduction of a tokenized share class for Aviva’s £22 billion ($29.4 billion) Sterling Liquidity Fund on the XRP Ledger, bolstered by a £50 million commitment from Aviva — a milestone offering that XRPL participants and observers will monitor closely.

This development marks the second tokenized fund brought to the XRP Ledger by a major European asset manager, though the £22 billion figure represents the total size of the underlying fund rather than capital deployed on-chain or converted into XRP.

Aviva Launches Sterling Fund Share Class on XRP Ledger

As the asset management division of British insurer Aviva, Aviva Investors noted that its Sterling (GBP) Liquidity Fund stands as its biggest fund, boasting roughly £22 billion in assets under management. The newly introduced share class grants professional investors a way to interact with the fund via a tokenized format on the XRPL network.

Aviva put £50 million into this new share class. This figure is distinct from the overall value of the main fund, which allocates its assets into short-term UK government bonds.

Cointelegraph initially reported on the rollout following the joint announcement by Aviva and Ripple.

Big news as Aviva Investors announces the launch of a tokenized share class of the Aviva Investors Sterling (GBP) Liquidity Fund on the XRP Ledger.

The Sterling (GBP) Liquidity Fund is Aviva Investors’ largest fund at around £22 billion in assets under management, and this move…

— Ripple (@Ripple) October 26, 2026

Tokenized Fund XRP: Professional Investors Keep the Conventional Fund’s Protections

According to statements from Ripple, participants in the tokenized share class enjoy identical safeguards to those found in the traditional fund established back in 2002. Participation is restricted strictly to professional investors who successfully pass know-your-customer verifications.

This operational framework preserves the fundamental structure of the fund while utilizing tokenization to record share ownership. U.Today reported that BNY Mellon acts as the custodian for the underlying assets, Komainu manages digital-wallet custody, and Licuido delivers the underlying tokenization technology.

These partnerships cleanly separate the traditional custody of the fund’s assets from the digital infrastructure required to issue and oversee the tokenized share class.

Aviva’s July USD Fund Offering Came First

The arrival of the Sterling fund follows Aviva’s integration of its USD Liquidity Fund onto the XRP Ledger back in July 2026. Consequently, the new Sterling share class represents the second tokenized fund initiative by Aviva Investors on the blockchain.

Aviva reported that roughly £86 million is collectively tied up across these two tokenized share classes. Furthermore, Aviva and Ripple continue to collaborate on a broader partnership aimed at bringing additional tokenized investment vehicles to the XRPL.

Mark Versey, CEO of Aviva Investors, remarked that tokenization holds the potential to streamline internal workflows and ultimately “lead to improved client outcomes.”

XRPL’s Tokenized Asset Market Sets the Context

Data from RWA.xyz cited during the launch coverage places the XRP Ledger in ninth position among blockchain platforms for tokenized assets, accounting for $642 million in distributed real-world asset value alongside approximately 2,900 unique holders.

Moving forward, Aviva and Ripple plan to press ahead with ongoing initiatives to introduce more tokenized funds to the XRPL ecosystem.

?FAQ

01Who is eligible to invest in the tokenized Sterling share class?

Participation is limited exclusively to professional investors. They must also undergo and clear know-your-customer verifications prior to accessing the tokenized share class.

02What protections does Ripple say investors retain?

Ripple maintains that investors receive the exact same safeguards as participants in the traditional Sterling Liquidity Fund, which debuted in 2002.

03Which firms handle the fund’s assets and tokenization?

Based on the launch details, BNY Mellon safeguards the underlying assets, Komainu oversees digital-wallet custody, and Licuido supplies the tokenization platform.

04When did Aviva bring its USD Liquidity Fund to XRP Ledger?

Aviva expanded its USD Liquidity Fund onto the XRPL in July 2026, making the Sterling Liquidity Fund share class its second tokenized offering on the network.

05How much is invested across Aviva’s two tokenized offerings?

Aviva stated that roughly £86 million is invested across the pair of tokenized share class offerings, with the £50 million allocation applying explicitly to the new Sterling share class.

This article is for information only and is not financial advice.