Aviva Investors unveils $29 billion tokenized liquidity fund on XRP Ledger

Aviva Investors has launched a new tokenized share class for the firm’s largest fund with approximately £22 billion ($29.37 billion) in assets under management, per a joint announcement made with Ripple on Monday, October 26. The launch of a new tokenized share class for the Aviva Investors Sterling (GBP) Liquidity Fund represents a significant expansion to the firm’s tokenized fund offering and has turned the company into one of the largest asset management providers to offer such a product in Europe. Furthermore, Aviva unveiled an investment of £50 million ($66 million) in this new tokenized share class. Remarking on the launch, CEO of Aviva Investors, Mark Versey, highlighted that the move represents a sign of its ‘clear intent’ to become a leader ‘in this area’ and underlined the importance of…

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