Aviva Investors launches tokenised fund on XRPL
Share
- Aviva Investors has launched its first tokenised fund on the XRP Ledger (CRYPTO:XRP).
- The fund uses blockchain to improve how investment fund records are managed and shared.
- The launch reflects growing interest in tokenising traditional financial assets.
Aviva Investors has launched its first tokenised fund on the XRP Ledger (CRYPTO:XRP), expanding its use of blockchain technology.
The fund aims to improve record keeping and make fund operations more efficient through tokenisation.
The tokenised fund was developed with support from Ripple and digital asset platform Archax.
Tokenisation converts traditional assets into digital tokens that can be managed on a blockchain.
Financial firms are increasingly testing tokenised funds to improve settlement, transparency and operational efficiency.
The launch adds to growing adoption of blockchain by major asset managers exploring digital investment products.
At the time of reporting, XRP price was $1.07.
