Aviva Investors launches first tokenized fund with Ripple on XRPL

Aviva Investors launched its first tokenized USD Liquidity Fund on the XRP Ledger in partnership with Ripple, the companies said July 29.

The fund will provide institutional investors with on-chain access to a USD liquidity strategy, Aviva Investors said in a press release. The launch follows a partnership agreement between the two firms earlier in 2026 to advance tokenization on XRPL. Specific terms of the fund, including its target size and fee structure, were not disclosed.

The fund represents one of the first tokenized money market products from a major U.K. asset manager on a public blockchain. Ripple has secured multiple institutional partnerships in 2026, including collaborations with financial firms exploring cross-border payments and asset tokenization, though previous deals have yet to materially move XRP's price, according to CoinGecko data. The pattern has led some market participants to question when partnership announcements will translate into measurable on-chain activity and token price appreciation.

The move positions XRPL as a growing venue for institutional real-world asset tokenization. Ripple competes with Ethereum-based platforms such as BlackRock's BUIDL fund and Ondo Finance, which have already brought billions in tokenized Treasury products on-chain. XRPL's native features, including low transaction costs and fast settlement times, make it a competitive alternative for asset managers seeking blockchain-based fund administration. The tokenized asset market has expanded rapidly as traditional finance firms seek efficiency gains through blockchain-based settlement and 24/7 secondary trading.

For Aviva Investors, the tokenized fund offers a path to modernize its asset management business through blockchain-based settlement and transparency. The fund's adoption metrics will be closely watched as a bellwether for institutional demand for XRPL-based tokenization. If successful, the partnership could open the door for additional tokenized products from Aviva Investors and other traditional asset managers exploring the XRP Ledger. The next milestone for the partnership will be the fund's first subscription period and subsequent secondary market activity on XRPL.

The Aviva deal adds to Ripple's growing roster of traditional finance partnerships as the company pushes to expand XRPL's use beyond cross-border payments into asset tokenization and decentralized finance. Ripple has also been expanding its regulatory licenses globally, including approvals in Singapore, Ireland, and the United Arab Emirates, to support institutional adoption of XRPL-based services.

This article is for informational purposes only and does not constitute investment advice.