#LiquidityFund

Aviva Investors launches tokenised fund after Irish central bank approval

Aviva Investors has officially launched a tokenised share class of its U.S. dollar liquidity fund on the XRP Ledger following regulatory approval from the Central Bank of Ireland. This initiative allows eligible investors to access a regulated money market fund through digital wallets while maintaining traditional custody standards. BNY Mellon continues to serve as the primary custodian for the underlying assets, while Komainu manages digital asset custody and Licuido provides the necessary tokenisation infrastructure. The fund focuses on high-grade short-term U.S. dollar debt securities and money market instruments issued by governments and financial institutions. This development marks a significant expansion of the XRP Ledger's utility in the institutional finance sector, following a strategic partnership between Aviva Investors and Ripple. By integrating blockchain access with established investment objectives, the fund mirrors the operational structure of existing liquidity products while enhancing accessibility. This move aligns with a broader industry trend where major asset managers are increasingly leveraging public blockchains to offer tokenised versions of traditional financial instruments.

digitaltoday.co.kr·3h ago