Aviva Investors expands its tokenised offering with the launch of a Sterling Liquidity Fund tokenised share class

26 October 2026

(London) – Aviva Investors, the global asset management business of Aviva plc, and Ripple, the leading provider of blockchain-based enterprise solutions across traditional and digital finance, have today announced the launch of a new tokenised share class of the Aviva Investors Sterling (GBP) Liquidity Fund – the firm’s largest fund with approximately £22 billion in assets under management. This marks an expansion of Aviva Investors’ tokenised fund offering, following the launch of a tokenised share class for the firm’s USD Liquidity Fund earlier this year. 

  • Aviva Investors has launched a new tokenised share class for the Aviva Investors Sterling (GBP) Liquidity Fund, allowing investment in the fund in tokenised format, on the XRP Ledger
  • This marks the second tokenisation of an existing Aviva Investors fund, and following the launch of a tokenised share class for the firm’s USD Liquidity Fund back in July 2026  
  • This new share class launch means that Aviva Investors is now one of the largest tokenised Money Market Fund providers in Europe 

Furthermore, this launch means that Aviva Investors is now one of the largest asset management providers of tokenised MMFs in Europe1, with over £86m ($116m) invested across its two tokenised share class offerings. Aviva has invested in the new tokenised share class of the Sterling Liquidity Fund, with an investment of £50m ($66m). 

The Fund is an Ireland-domiciled UCITS Money Markets Fund. The Fund uses the “digital twin” model, an approach that allows us to introduce a digital access layer, where holdings can be represented on-chain while maintaining the integrity of the existing off-chain fund structure. 

The tokenised Sterling Liquidity Fund is available on the XRP Ledger (XRPL). Investors benefit from the same investment objective, risk profile, liquidity characteristics and regulatory protections as the conventional fund, which was initially launched in 2002. The Fund targets low-risk returns and daily liquidity by offering investors exposure to high-grade UK Sterling-denominated short-term debt instruments. 

This new share class launch has again been supported by Komainu, a regulated institutional digital asset custodian, alongside Licuido, a digital infrastructure platform that enables asset management companies to tokenise and trade real world assets. The new share class is available to eligible investors with digital wallets, with all assets held by the fund’s custodian, The Bank of New York Mellon. The structure has been designed to operate within existing regulatory frameworks, providing a scalable foundation for future innovation in fund distribution and market infrastructure.

The XRPL will enable Aviva Investors to reliably issue and manage the tokenised share class of the GBP Liquidity Fund using fast, secure, low-cost blockchain transactions, in an energy efficient format. Since 2012, the network has processed more than 4 billion transactions, supports nearly 8 million active wallets, and is maintained by 130+ independent validators.

Mark Versey, CEO, Aviva Investors, said: 

“We’re thrilled to be able to announce the launch of our second fund in the tokenisation space, with the addition of the new tokenised share class for our GBP Liquidity Fund. This expansion of our tokenised offering shows our clear intent to be a leader in this area and sets the groundwork for a future expansion of our capabilities. We believe tokenised funds can increase efficiency and ultimately lead to improved client outcomes. 

Our partnership with Ripple has once again been vital to our efforts, and we look forward to continuing working together, as we look to further explore the possibilities of tokenisation.” 

Nigel Khakoo, Senior Vice President, Trading and Markets, Ripple:

“We are delighted to support Aviva Investors’ second tokenised fund launch on the XRP Ledger, which highlights the rapid pace of fund tokenisation across the investment industry. Markets are moving to 24/7 access and settlement is moving to real-time, always-on rails; this launch shows what that looks like in practice. As the bridge between traditional and digital finance, Ripple is helping institutions move, manage, hold and tokenise value on the XRP Ledger, which is bringing the compliance, privacy and security features needed by institutions.” 

References

1. https://app.rwa.xyz/

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Important Information

About Aviva Investors

Aviva Investors is the global asset management business of Aviva plc. The business delivers investment management solutions, services and client-driven performance to clients worldwide. Aviva Investors operates in 9 countries in Asia Pacific, Europe, North America and the United Kingdom with £273 billion in assets under management as at 30 June 2026.

About Ripple

Founded in 2012, Ripple is the leading provider of blockchain solutions rewiring the global financial system. With over 85 licenses, Ripple provides a single trusted entry point for enterprises with payments, custody, prime brokerage and treasury management solutions. Ripple’s stablecoin, RLUSD, and the digital asset XRP underpin these capabilities, enabling Ripple and its customers to bridge the worlds of traditional and digital finance.

Key Risks

Investment Risk & Currency Risk
The value of investments and the income from them will change over time. The Fund price may fall as well as rise and as a result you may not get back the original amount you invested.

Money Market Securities Risk
The Fund invests in money market instruments such as short-term bank debt, the market prices/value of which can rise as well as fall on a daily basis. Their values are affected by changes in interest rates, inflation and any decline in creditworthiness of the issuer.

This is not a guaranteed investment, an investment in a Money Market Fund is different from an investment in deposits and can fluctuate in price meaning you may not get back the original amount you invested. This investment does not rely on external support for guaranteeing liquidity or stabilising the NAV per unit or share. The risk of loss of the principal is to be borne by the investor.

Sustainability Risk
The level of sustainability risk may fluctuate depending on which investment opportunities the Investment Manager identifies. This means that the fund is exposed to Sustainability Risk which may impact the value of investments over the long term.

Important Information

THIS IS A MARKETING COMMUNICATION

Except where stated as otherwise, the source of all information is Aviva Investors Global Services Limited (“Aviva Investors”). Unless stated otherwise any opinions expressed are those of Aviva Investors. They should not be viewed as indicating any guarantee of return from an investment managed by Aviva Investors nor as advice of any nature. The value of an investment and any income from it may go down as well as up and the investor may not get back the original amount invested. Past performance is not a guide to the future. The content of this presentation does not purport to be representational or provide warranties above and beyond those contained in the Prospectus and subscription documentation of the Fund. The Prospectus and the subscription document contain the full terms, conditions, representations and warranties in respect of the Fund. The content of this presentation does not purport to be representational or provide warranties above and beyond those contained in the legal documentation and subscription documentation of the following funds/ sub funds:

  • Aviva Investors GBP Sterling Liquidity Fund

The legal documentation and the subscription documents contain the full terms, conditions, representations and warranties in respect of the Fund. Nothing in this presentation is intended to or should be construed as advice or recommendations of any nature. This document is not a recommendation to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment. The Fund is subject to the tax laws and regulations of Ireland. Depending on your own country of residence, this might have an impact on your investment. This document should not be taken as a recommendation or offer by anyone in any jurisdiction in which such an offer is not authorised or to any person to whom it is unlawful to make such an offer or solicitation.

For Investors located in EU/EEA countries, the Prospectus and Key Information Document (‘KID’), as well as the latest annual and semi-annual reports of the Fund are available, free of charge from the manager of the fund Aviva Investors Luxembourg S.A., 2 rue du Fort Bourbon .L-1249 Luxembourg, Grand Duchy of Luxembourg R.C.S. Luxembourg B25708, or from www.eifs.lu/aviva-investors.  The Prospectus is available in English. Where a sub fund is registered for public distribution in a jurisdiction, a KID in the official language of that jurisdiction will be available.

For Investors in the United-Kingdom: Aviva Investors, 80 Fenchurch Street, London, EC3M 4AE, United Kingdom.

Where relevant, information on our approach to the sustainability aspects of the fund and the Sustainable Finance disclosure regulation (SFDR) including policies and procedures can be found on the following link: https://www.avivainvestors.com/en-gb/capabilities/sustainable-finance-disclosure-regulation/

In Europe this document is issued by Aviva Investors Luxembourg, acting as the Management Company of the fund, with its registered office located 2 rue du Fort Bourbon, L-1249 Luxembourg, Grand Duchy of Luxembourg. Aviva Investors Luxembourg is supervised by the Commission de Surveillance du Secteur Financier, R.C.S Luxembourg B25708. In the UK this document is issued by Aviva Investors Global Services Limited, registered in England and Wales No. 1151805, with its registered office located at 80 Fenchurch Street, London, EC3M 4AE. Aviva Investors Global Services Limited is authorised and regulated by the Financial Conduct Authority. Firm Reference No. 119178.