Aviva Investors Tokenizes $29B Sterling Fund on XRP Ledger

Aviva Investors has launched a tokenized share class of its $29 billion Sterling fund on the XRP Ledger, marking the British asset manager's second fund to offer tokenized shares on the blockchain network. The move signals accelerating institutional appetite for bringing traditional investment vehicles onto public blockchain infrastructure.

The launch is part of a broader, ongoing collaboration aimed at migrating more of Aviva's fund lineup to the XRP Ledger. By tokenizing share classes rather than creating new instruments from scratch, Aviva is enabling existing fund structures to gain the operational benefits of blockchain — including faster settlement, greater transparency, and programmable compliance — without overhauling the underlying investment strategy.

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The XRP Ledger, maintained by the open-source community and closely associated with Ripple, has increasingly positioned itself as a destination for institutional tokenization projects. Aviva's expanded presence on the network adds further credibility to that pitch, coming from one of the UK's largest institutional asset managers overseeing hundreds of billions in assets.

The tokenization of real-world assets is one of the fastest-growing segments of the digital asset industry, with major financial institutions racing to digitize funds, bonds, and other instruments. Aviva's second listing suggests the firm views its first tokenized fund as a proof of concept worth scaling, and the continued collaboration points toward a longer-term pipeline of tokenized products.

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