Aviva Investors Tokenizes £22 Billion Sterling Liquidity Fund on XRP Ledger
Summary
- U.K. asset manager Aviva Investors said it is moving to tokenize a money-market fund worth about £22 billion using Ripple’s XRP Ledger (XRPL).
- Aviva Investors said it has launched tokenized beneficial interests in the Sterling Liquidity Fund, its largest fund with about £22 billion in assets under management.
- Chief Executive Officer Mark Versey said tokenized funds can improve operational efficiency, deliver better investment performance for clients and provide a foundation for expanding the firm’s tokenization business.
Forecast Trend Report by Period
Aviva Investors, the U.K. asset manager, is tokenizing a money-market fund using Ripple’s XRP Ledger, or XRPL.
Ripple said on its website on Oct. 26 that Aviva Investors has launched tokenized beneficial interests in its Sterling Liquidity Fund. The fund is Aviva Investors’ largest, with about £22 billion in assets under management.
The launch marks Aviva Investors’ second tokenized fund. In July, the firm launched tokenized beneficial interests in a U.S. dollar liquidity fund.
Chief Executive Officer Mark Versey said tokenized funds can improve operational efficiency and ultimately deliver better investment performance for clients. The latest launch will serve as a foundation for expanding the firm’s tokenization business, he added.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.