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Aviva Investors has launched a tokenized share class of its sterling liquidity fund on the XRP Ledger, adding an on-chain representation to an existing money market fund. Aviva and Ripple announced the launch on October 26, 2026; the companies say eligible investors with digital wallets can access the new class.
The figures deserve care. The firms put the existing fund’s total assets at approximately £22 billion, but say Aviva invested £50 million in the new tokenized class. They report more than £86 million invested across their two tokenized share-class offerings combined. None of those figures establishes how much outside investors have committed to the new class.
The companies describe a digital twin: holdings can be represented on-chain while the existing off-chain fund structure remains in place. The underlying fund is an Ireland-domiciled UCITS money market fund. According to the announcement, the tokenized share class has the same investment objective, risk profile and liquidity characteristics as the conventional fund; it targets exposure to high-grade short-term sterling debt. A digital representation does not eliminate investment risk or change the disclosed daily liquidity into a promise of instant redemption.
Komainu and infrastructure provider Licuido supported the launch, the companies say, while Bank of New York Mellon is custodian of the fund’s assets. This is the second tokenized share class Aviva has announced, following its US dollar liquidity fund in July. The release describes availability and Aviva’s own investment; it does not disclose transaction volumes, independent customer adoption or demand for XRP.
For readers, the development matters because an established fund is adding a blockchain-based access layer rather than creating an entirely new pool of investments. The next useful evidence will be how eligible clients actually use the class and how custody, subscriptions and redemptions work in practice.
Sources & evidence
Ripple and Aviva Investors — October 26 launch announcement ↗
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