Aviva Investors adds tokenised share class of £22bn Sterling fund on XRP Ledger

Key points

• The Sterling Liquidity Fund holds about £22bn ($29.4bn) in assets under management, according to Ripple and Aviva's joint announcement on Monday.
• Aviva put £50m into the new tokenised share class and reports about £86m invested across its two tokenised offerings.
• RWA.xyz data cited by Cointelegraph puts the XRP Ledger ninth among blockchains for tokenised assets, with $642m in distributed real-world asset value.

Aviva Investors has launched a tokenised share class of its Sterling Liquidity Fund on the XRP Ledger, the asset manager's second tokenised fund. Ripple and Aviva said in a joint announcement on 26 October that the move brings the firm's largest fund, with roughly £22bn ($29.4bn) in assets under management, onto the network in tokenised form.

Aviva invested £50m in the new share class itself. The company said the launch makes it one of Europe's largest providers of tokenised money market funds, with about £86m held across its two tokenised offerings. The first was a tokenised share class of its USD Liquidity Fund, which reached the XRP Ledger earlier in July.

The expansion sits within a wider collaboration between Aviva and Ripple aimed at bringing more tokenised funds to the XRP Ledger.

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