Aviva Investors launches tokenized share class of $29B Sterling fund on XRP Ledger

Aviva Investors has launched a tokenized share class of its $29 billion Sterling fund on the XRP Ledger today, according to CoinTelegraph. The move signals a fresh push by a major UK asset manager into on-chain fund distribution at a time when tokenization pilots are accelerating across traditional finance. It also marks Aviva’s second fund to list tokenized shares and forms part of a broader collaboration aimed at bringing more tokenized funds to the XRP Ledger, CoinTelegraph adds.

Tokenizing a share class on a public blockchain could enable faster settlement, lower transfer costs, and programmatic compliance while keeping underlying assets unchanged. Key commercial terms and investor access details were not immediately available, and Aviva has not commented beyond the initial announcement. Watch for details on subscription channels, custody partners, and whether additional Aviva funds or peers follow onto XRPL in the coming weeks. [Developing. This article will be updated.]