Aviva Investors launches tokenized share class of $29B Sterling fund on XRP Ledger
The move marks Aviva’s second fund to list tokenized shares, part of a broader collaboration to bring more tokenized funds to the XRP Ledger.
Aviva Investors has launched a tokenized share class of its $29.4 billion Sterling Liquidity Fund on the XRP Ledger, marking its second tokenized fund offering. This move, part of a partnership with Ripple, adds to the asset manager's presence in the rapidly growing market for tokenized money market funds. Aviva's 50 million-pound investment in the new tokenized share class brings the total invested across the two tokenized offerings to 86 million pounds.
This expansion highlights Aviva's role as one of Europe's leading asset management providers of tokenized funds, operating on the ninth-largest blockchain network for tokenized assets.
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