Aviva Investors launched a tokenized share class of its U.S. dollar liquidity fund on the XRP Ledger, bringing regulated blockchain-based investing to eligible institutions. Approval from the Central Bank of Ireland places investor protections at the center of the launch.
Key Takeaways
Aviva’s first tokenized fund share class operates on the XRP Ledger.Eligible digital-wallet investors retain the conventional fund’s protections.Komainu provides custody support, while Licuido supplies tokenization infrastructure.The digital share class retains the conventional fund’s investment objective, risk profile, liquidity characteristics, and regulatory protections while using blockchain infrastructure for issuance and administration.
Aviva Investors CEO Mark Versey stated:
“We’re thrilled to be able to announce the launch of our first fund in the tokenisation space, with the addition of the new tokenised share class for our USD Liquidity Fund.”
Irish Oversight Anchors the Tokenized StructureAviva stated:
“The new tokenised share class has also been approved by the Central Bank of Ireland (CBI), marking a regulatory first with regards to tokenised fund structures.”
Central Bank approval places governance, custody, and investor protection within a regulated structure while tokenization changes how ownership is recorded and administered. The model may appeal to institutions seeking greater operational efficiency without leaving established money-market frameworks.
XRPL supports the issuance and administration of the tokenized shares through low-cost transactions and infrastructure designed for regulated financial markets. Aviva reported that the ledger has processed more than 4 billion transactions, supports nearly 8 million active wallets, and relies on more than 130 independent validators.
