Aviva Investors puts its £22 billion sterling fund on the XRP Ledger
A new tokenized share class of the Sterling Liquidity Fund uses a "digital twin" model. Aviva seeded it with £50 million.
TL;DR
- Aviva Investors and Ripple launched a tokenized share class of the Aviva Investors Sterling (GBP) Liquidity Fund on the XRP Ledger on Oct. 26, 2026, the firms said.
- The fund is Aviva Investors' largest, with about £22 billion in assets under management; Aviva invested £50 million ($66 million) in the new share class.
- Aviva Investors now has over £86 million ($116 million) invested across two tokenized share classes, after a USD Liquidity Fund share class in July 2026.
- Holdings are represented onchain while the Ireland-domiciled UCITS fund keeps operating offchain; BNY Mellon holds the assets.
Another big money market fund is going onchain. Aviva Investors, the asset management arm of Aviva plc, launched a tokenized share class of its Sterling (GBP) Liquidity Fund on the XRP Ledger with Ripple, the firm said on Oct. 26, 2026.
It is Aviva Investors' largest fund, with approximately £22 billion in assets under management. The Block put that at about $29.4 billion.
The numbers
- Aviva invested £50 million ($66 million) in the new tokenized share class.
- Across its two tokenized share classes, Aviva Investors now has over £86 million ($116 million) invested.
- The first was a tokenized share class of its USD Liquidity Fund, launched on the XRP Ledger on July 29, 2026 with approval from the Central Bank of Ireland, The Block reported.
How it works
The fund is an Ireland-domiciled UCITS money market fund that uses a "digital twin" model: holdings can be represented onchain while the existing offchain fund structure stays intact, Aviva said. Tokenized shares carry the same investment objective, risk profile, liquidity characteristics and regulatory protections as the conventional fund, which launched in 2002.
Investors need an eligible digital wallet. The Bank of New York Mellon holds the fund's assets, with custodian Komainu and tokenization platform Licuido supporting the launch.
"We believe tokenised funds can increase efficiency and ultimately lead to improved client outcomes," Aviva Investors CEO Mark Versey said.
What it means for Web3 teams – Analysis
The digital twin approach is the pattern large asset managers are choosing: keep the regulated fund, add an onchain access layer. For Web3 teams in tokenization, the message is that custody, wallet eligibility and regulatory wrappers matter as much as the chain itself. This is not investment advice.
FAQ
What did Aviva Investors launch?
A tokenized share class of its Sterling (GBP) Liquidity Fund on the XRP Ledger, announced with Ripple on Oct. 26, 2026.
How large is the fund?
About £22 billion in assets under management, Aviva Investors' largest fund.
How much has Aviva put into tokenized share classes?
£50 million ($66 million) in the new sterling share class and over £86 million ($116 million) across both tokenized share classes.
Is the fund itself onchain?
No. Under the digital twin model, holdings are represented onchain while the fund keeps operating offchain; BNY Mellon holds the assets.
Sources
News summary based on the sources above. Not investment, legal or tax advice. Editorial policy & corrections · Report an error
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