Ripple connects XRP Ledger to a £22 billion investment giant while chasing the next wave of corporate money

Ripple expanded its institutional reach Monday as Aviva added another tokenized fund share class to the XRP Ledger (XRPL). The British asset manager invested £50 million ($66 million) in a blockchain-based share class of its Sterling Liquidity Fund, bringing its combined investments across two XRP Ledger offerings to more than £86 million ($116 million). The announcement coincided with Ripple's expansion into round-the-clock corporate cash management, extending its presence across two areas of institutional finance that could increase activity within its digital asset ecosystem. The developments also raise a question about XRP's role in Ripple's growing financial infrastructure business, particularly how increased institutional adoption of the Ledger translates into demand for its native cryptocurrency.

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