Aviva Investors has taken a notable step into blockchain finance by launching a tokenized share class of its US Dollar Liquidity Fund.
- Aviva Investors has launched a tokenized share class of its US Dollar Liquidity Fund on the XRP Ledger, marking its first on-chain fund.
- The tokenized fund utilizes a 'digital twin' model, approved by the Central Bank of Ireland, with support from BNY Mellon and Komainu for asset safeguarding and custody.
- This move signifies growing institutional adoption of RWAs on blockchain, leveraging XRP Ledger's capabilities for programmable assets and future integrations.
Topics: Asset types, Institutional adoption, Blockchain usage, Financial instruments, Banking depository pilots, Ethereum evm l 1 s
Tags: #avivainvestors #xrpledger #tokenizedliquidityfund #digitaltwin #centralbankofireland #bnymellon #komainu #licuido #ripple #programmableassets