Finance3 sources
Aviva Investors Launches $29B Tokenized Fund on XRP Ledger
- Aviva Investors has launched a tokenized share class of its $29 billion Sterling Liquidity Fund on the XRP Ledger.
- This marks Aviva’s second fund to list tokenized shares, part of a broader collaboration with Ripple.
- Franklin Templeton added $150 million in fund shares to the XRP Ledger, significantly increasing the fund’s presence on the network.
- The receiving wallet on the XRP Ledger shares its authorized signers with the issuer.
- This move is part of a growing trend of tokenizing traditional funds to enhance liquidity and accessibility.