TLDR
- Aviva Investors launched its first tokenised fund share class on the XRP Ledger.
- The tokenised USD Liquidity Fund keeps the same risk profile as the conventional fund.
- The Central Bank of Ireland approved the new tokenised fund share class.
- Komainu provides custody, while Licuido supports the tokenisation infrastructure.
- XRPL 3.2.0 is now the minimum mainnet version after the latest fix amendment.
Aviva Investors and Ripple have launched a tokenised share class of the Aviva Investors US Dollar Liquidity Fund on the XRP Ledger, adding another regulated real-world asset product to XRPL.
Aviva Investors Launches First Tokenised Fund Share Class
Aviva Investors, the global asset management business of Aviva plc, said the new share class allows eligible investors to access the USD Liquidity Fund in tokenised form. The product is issued on the XRP Ledger, with custody support from Komainu and tokenisation infrastructure from Licuido.
The launch marks the first tokenisation of an Aviva Investors fund. The firm said the tokenised share class follows its earlier partnership with Ripple and keeps the same investment objective, risk profile, liquidity features, and regulatory protections as the conventional fund.
Have in mind the bigger picture here for the new on chain economy on XRP.
We are bringing RWAs on the XRP Ledger and at the same time making them more useful than they are in TradFi.
You can use tokenized assets in the upcoming Lending & Borrowing feature, provide liquidity on… https://t.co/sCwndt7GUY
— Vet (@Vet_X0) July 29, 2026
The Central Bank of Ireland approved the new tokenised share class, creating a regulatory first for tokenised fund structures. The fund’s assets will remain held by The Bank of New York Mellon, while eligible investors can access the share class through digital wallets.
The USD Liquidity Fund originally launched in 2020. The fund targets low-risk returns and daily liquidity through exposure to high-grade U.S. dollar-denominated short-term debt instruments.
Ripple Says XRPL Supports Regulated Fund Tokenisation
Mark Versey, CEO at Aviva Investors, said, “We’re thrilled to be able to announce the launch of our first fund in the tokenisation space.” He added that the firm has been working on tokenised fund structures for several months.
Versey also said Ripple’s partnership was crucial to the launch. Aviva Investors plans to continue working with Ripple while exploring more tokenised fund structures.
Nigel Khakoo, Senior Vice President, Trading and Markets at Ripple, said, “This is a landmark moment for fund tokenisation.” He added that Aviva Investors had brought a regulated institutional product to live infrastructure with investor protections.
Khakoo said, “The XRP Ledger was built for exactly this kind of application.” He also said the launch could set a precedent for other asset managers exploring tokenised funds.
XRPL has processed more than 4 billion transactions since 2012. The network supports nearly 8 million active wallets and is maintained by more than 130 independent validators.
XRPL Upgrade Adds Focus to Network Reliability
The fund launch comes as the XRP Ledger activated its latest fix amendment. Validator Vet said the amendment is live, making XRPL 3.2.0 the minimum required version for mainnet validators and node operators.
The update does not add a major user-facing feature. However, the amendment improves network stability by resolving protocol issues and strengthening reliability for validators, developers, and applications.
RippleX developer Mayukha Vadari said that XRP Ledger’s progress should not be measured solely by transaction volume. She said some upgrades support long-term adoption without creating immediate spikes in onchain activity.
Vadari pointed to the Clawback amendment as an example. The feature allows authorised issuers of regulated assets to recover tokens in cases of fraud, mistaken transfers, or compliance events.
Such tools can support stablecoins, tokenised real-world assets, and regulated securities. Financial institutions often require these controls before issuing assets on public blockchain networks.
The wider XRPL roadmap also focuses on making tokenized assets more useful after issuance. Upcoming lending and borrowing features could allow tokenized assets to support credit activity.
Tokenised assets may also provide liquidity on the XRP DEX and support cross-currency payments. These transactions can settle 24/7 through self-custody wallets, giving users direct control of assets.
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