Aviva Investors unveiled a tokenized share class tied to its USD Liquidity Fund on the XRP Ledger after the Central Bank of Ireland gave its official green light. This marks one of the few times a major European regulator has authorized a public blockchain structure for a fully investable fund, not just a pilot or concept.
The tokenized shares represent a money-market-style strategy investing in short-term, high-grade USD debt with daily liquidity. The XRP Ledger now handles fund transfers and record-keeping, ensuring the on-chain shares mirror the traditional investment objectives and investor safeguards.
Institutional players back this setup: BNY Mellon serves as custodian for the underlying assets, Komainu provides regulated digital custody, and Licuido manages the tokenization process on the XRP Ledger. Ireland's approval offers a practical compliance framework for other European asset managers exploring blockchain fund products, moving beyond theory to real-world application.
On-chain, Aviva’s $351 billion fund poses a significant step forward for digital asset infrastructure and regulatory cooperation within the EU.
Meanwhile, XRP’s price remained stable in early trading following the announcement.
This material is for informational purposes and does not constitute financial advice.
