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

Aviva Investors and Ripple revealed on Oct. 26, 2026, that they have launched a tokenized share class for Aviva’s £22 billion ($29.4 billion) Sterling Liquidity Fund on the XRP Ledger. The initiative is backed by a £50 million investment from Aviva, capturing the attention of XRP holders and XRPL monitors alike.

This development marks the second tokenized fund on the XRP Ledger from a major European asset manager, though the £22 billion figure reflects the overall size of the underlying fund rather than capital placed directly on-chain or into XRP.

Aviva Launches Sterling Fund Share Class on XRP Ledger

Aviva Investors, the asset management division of British insurer Aviva, noted that the Sterling (GBP) Liquidity Fund stands as its largest vehicle, boasting roughly £22 billion in assets under management. Through the new share class, professional investors can interact with the fund via a tokenized format built on XRPL.

Aviva contributed £50 million to this new share class. This figure is entirely distinct from the total valuation of the underlying fund, which directs its assets into short-term UK government bonds.

Cointelegraph reported on the launch after Aviva and Ripple issued a joint announcement.

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 Ripple’s announcement, participants in the tokenized share class enjoy identical safeguards to those investing in the traditional fund, which dates back to 2002. Participation is strictly limited to professional investors who successfully finish know-your-customer verifications.

This operational framework preserves the fund’s established structure while tracking ownership of the fresh shares digitally. U.Together reported that BNY Mellon maintains the underlying assets, Komainu acts as the digital-wallet custodian, and Licuido delivers the tokenization platform.

Such divisions ensure that traditional asset custody remains separate from the technical infrastructure utilized to issue and oversee the digital share class.

Aviva’s July USD Fund Offering Came First

The Sterling debut comes on the heels of Aviva bringing its USD Liquidity Fund to the XRP Ledger in July 2026, making this new Sterling share class the second tokenized fund offering from Aviva Investors on the network.

Aviva reported that roughly £86 million is collectively invested across its two tokenized share class offerings. Furthermore, Aviva and Ripple are continuing their broader partnership to introduce additional tokenized funds to XRPL.

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

XRPL’s Tokenized Asset Market Sets the Context

Based on RWA.xyz figures referenced during the launch coverage, the XRP Ledger secured the ninth position among blockchain networks for tokenized assets, holding $642 million in distributed real-world asset value alongside approximately 2,900 unique holders.

Going forward, Aviva and Ripple plan to continue their collaborative efforts to feature more tokenized funds on XRPL.

FAQ

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

Participation is restricted exclusively to professional investors who must pass know-your-customer verifications prior to accessing the tokenized share class.

What protections does Ripple say investors retain?

Ripple affirms that participants receive the exact same protections as investors in the conventional Sterling Liquidity Fund, which originally debuted in 2002.

Which firms handle the fund’s assets and tokenization?

As per the launch details, BNY Mellon manages the underlying assets, Komainu oversees digital-wallet custody, and Licuido supplies the tokenization platform.

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

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

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

Aviva stated that roughly £86 million is invested across both tokenized share classes combined, with the £50 million investment applying specifically to the new Sterling share class.

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