Ripple expands XRP Ledger adoption as Aviva invests £50 million in tokenized fund share class

Aviva invested £50 million ($66 million) in a tokenized share class of its Sterling Liquidity Fund on the XRP Ledger, bringing its combined investments across two XRP Ledger offerings to over £86 million ($116 million). The fund, which manages approximately £22 billion ($29 billion), uses a digital twin structure representing ownership on the ledger while preserving existing investment arrangements. The issuance leverages the XRP Ledger's Multi-Purpose Token standard, and Aviva's token includes restrictions such as authorized holders and the issuer's ability to claw back tokens under specified circumstances. BNY Mellon remains the custodian of underlying assets, while Komainu and Licuido provide digital asset custody and tokenization infrastructure.