Aviva Investors launches tokenized money market fund on Ripple XRP Ledger
Aviva Investors has launched a tokenized share class of its US Dollar Liquidity Fund on the XRP Ledger following approval from the Central Bank of Ireland. The fund invests in short-term US dollar-denominated debt securities and money market instruments. While BNY Mellon remains the primary asset custodian, Komainu handles digital asset custody and Licuido supplies the underlying tokenization architecture, offering eligible investors direct blockchain access to traditional money market liquidity.
Key takeaways
- 1Aviva Investors launched a tokenized US Dollar Liquidity Fund share class on the XRP Ledger.
- 2The Central Bank of Ireland approved the new tokenized fund structure for eligible digital wallet holders.
- 3BNY Mellon maintains traditional asset custody while Komainu provides digital asset custody services.
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Why it matters
Institutional adoption of tokenized real-world assets is accelerating as major traditional managers embrace public blockchains like XRPL. This offers retail investors enhanced market liquidity, reduced settlement times, and broader access to tokenized yield-bearing financial products.
Discussion
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