Aviva Investors launched a tokenized USD Liquidity Fund share class on XRPL, giving institutions digital access to a regulated fund. Central Bank of Ireland approval, Komainu custody, and Lic
XRPL tokenization is expanding institutional blockchain use, with Aviva Investors launching a regulated fund share class for eligible investors.
Aviva Investors released a tokenized Share Class for its USD Liquidity Fund. It was launched on 29th July 2026. It represents Aviva Investors’ first fund tokenization initiative.
The tokenized class operates on the XRP Ledger public blockchain. Eligible investors can access fund shares through digital wallets. The underlying investment strategy remains unchanged from the conventional fund structure.
The fund is designed to offer investors low-risk returns and liquidity on a daily basis. It purchases short term, high quality debt securities in dollars. The traditional fund set up was created in 2020.
The move therefore concerns an existing financial product, not cryptocurrency creation. Tokenization changes how eligible investors access and interact with holdings. The investment objective and risk profile remain aligned with the original fund.
Komainu provides regulated digital-asset custody for the tokenized share class. Licuido supplies the infrastructure supporting tokenization and fund-share administration. These roles create separate layers around the blockchain-based structure.
The Central Bank of Ireland has also approved the new share class. Aviva Investors described the approval as a regulatory first. The structure remains designed within existing regulatory frameworks.
The fund’s underlying assets remain with The Bank of New York Mellon. Therefore, tokenized ownership records operate alongside conventional asset custody. This separation maintains established custody arrangements for the underlying portfolio.
Aviva Investors also identifies operational efficiency as a tokenization benefit. Digital issuance can provide more streamlined access and greater holding visibility. The firm also points toward future collateral-management applications.
BankXRP described the launch as another regulated fund settling on-chain. The account also emphasized the involvement of institutional custody and infrastructure providers. Its framing places the development within broader institutional blockchain adoption.
https://twitter.com/BankXRP/status/2086302513272365559?s=20The development follows Aviva Investors’ February partnership announcement with Ripple. That earlier agreement focused on tokenizing traditional fund structures through XRPL. The July launch turns that stated intention into an operational product.
XRP as of the time of writing, trades around $1.10 based on recent market data. The token’s market price remains separate from the fund’s investment structure. The institutional development instead concerns blockchain-based issuance and servicing.
For XRPL, the launch adds another regulated financial application. It connects asset management with blockchain infrastructure without changing the fund’s underlying strategy. The development therefore provides a concrete example of institutional tokenization moving into live financial markets.
