$345 billion asset manager tokenizing funds on XRP Ledger
One of the world’s largest asset managers chose XRPL for tokenizing massive investment funds.
The investment arm of the largest general insurance company in the UK is working to tokenize funds on the XRP Ledger. Aviva Investors, a division of Aviva, has $345 billion in assets under management.
The initiative is the first choice for Aviva Investors in its history, which has never tokenized funds on another blockchain. It is also Ripple’s first such partnership with a European asset manager.
Market Context
The XRP Ledger (XRPL) continues to be a top choice for financial giants to tokenize funds.
Franklin Templeton has tokenized a US dollar money market fund on XRPL. Archax has tokenized Abrdn funds on XRPL. DBS Digital Exchange has enabled accredited clients to earn yield on tokenized money market funds via XRPL. The multi-billion dollar SBI Group has also tokenized bonds on XRPL.
Aviva, however, certainly is one of the largest and most important tokenization efforts using the XRP Ledger. The sheer size of its assets under management rivals many of the world’s largest companies.
Their confidence in choosing XRPL over other blockchains is a testament to the security and reliability of the XRP ecosystem.
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Trump’s World Liberty Financial flags “coordinated attack” against its USD1 stablecoin (Bloomberg)
Engie explores BTC miners at Brazilian solar farm (Reuters)
Anthropic launches $6B secondary at $350B valuation (Bloomberg)
Nothing in this newsletter is financial or investment advice. We summarize news for informational and entertainment purposes only. We do not provide advisory services, guidance, or information regarding trading or investing. Past performance is not indicative of future results.
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