Aviva Investors Launches Tokenized Sterling Liquidity Fund
The firm introduces a new tokenized share class for its money market fund on the XRP Ledger.
Updated on Oct. 26, 2026 in Investing
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Aviva Investors has launched a tokenized share class of its Irish-registered Sterling Liquidity Fund on the XRP Ledger. The move expands the firm's digital asset offerings to two share classes with over $116 million in combined investment.
Why it matters
Tokenization allows traditional financial assets like money market funds to operate with the efficiency of blockchain technology while maintaining existing regulatory structures. This enables qualified investors to access these funds directly through digital wallets.
The new sterling share class launched with $66 million in investment, contributing to a total of $116 million across the firm's two tokenized liquidity funds. These funds remain registered as UCITS products in Ireland.
The players
Aviva Investors
An international asset management business that provides investment services to institutional and retail clients.
BNY Mellon
A global financial services company that provides investment management and investment services.
Licuido
A financial technology firm that provides the underlying infrastructure for digital asset tokenization.
XRP Ledger
A decentralized, public blockchain used to facilitate the transfer and management of digital assets.
The details
The Sterling Liquidity Fund keeps its primary structure off-chain, with holdings mirrored on the XRP Ledger. BNY Mellon serves as the custodian for the underlying assets, while Licuido provides the platform support for the tokenization process.
Timeline
July 2026: Aviva Investors launched a U.S. dollar liquidity fund tokenization.
October 26, 2026: The firm launched the sterling fund tokenized share class.
Market Dynamics
The integration of tokenized shares into UCITS-regulated funds marks a shift in how institutional investors bridge traditional asset management with decentralized ledger technology. This development positions Aviva Investors to compete in the growing market for tokenized cash-equivalent instruments.
Qualified investors can now gain exposure to this money market fund through their digital wallets. These tokenized shares offer a modern alternative for managing liquidity within a regulated fund structure.
The takeaway
Tokenized funds provide a pathway for institutional-grade assets to be integrated into modern digital portfolio strategies. Investors interested in these products should ensure they meet the qualification criteria for participation in the fund's digital share classes.
Further reading
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