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Altcoins & DeFi

Aviva put its largest fund on the XRP Ledger. Who can actually trade it?

Image: crypto.news

Aviva Investors has added an XRP Ledger share class to its £22 billion Sterling Liquidity Fund. The launch brings a very large traditional fund into the tokenisation story, though only a small slice of its assets is represented by tokens so far. The number that catches the eye is £22 billion. It is the size of the existing sterling money market fund, not a new £22 billion order flowing onto the XRP Ledger. Financial News reported on October 26 that Aviva has more than £86 million invested across the two tokenised classes. Even the combined total is a small fraction of the sterling fund’s assets. Anyone asking how much has actually moved needs the separate class figures and a date for each, neither of which the report broke out.

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