The Aviva XRP Ledger fund became official on July 29, 2026, when Aviva Investors confirmed on its own company blog that it had launched a tokenized share class of its US Dollar Liquidity Fund, the first fund structure of its kind approved by the Central Bank of Ireland.
The launch follows a partnership Aviva Investors and Ripple first announced in February 2026, according to the same post. Mark Versey, CEO at Aviva Investors, said the firm was “thrilled to announce the launch of our first fund in the tokenisation space.”
Ireland’s Central Bank Clears a New Fund Structure
The new share class sits inside the Aviva Investors US Dollar Liquidity Fund, which first launched in 2020 and targets low-risk returns and daily liquidity through high-grade, dollar-denominated short-term debt.
All fund assets remain with custodian The Bank of New York Mellon, unchanged from the conventional share class, while Komainu provided regulated institutional digital asset custody and Licuido supplied the tokenization infrastructure for the new structure, according to Aviva Investors.
The Central Bank of Ireland’s sign-off is the first regulatory approval of its kind for a tokenised fund structure. The deal builds on the Aviva-Ripple partnership CoinDesk reported in February 2026, when the two firms first agreed to explore tokenised fund structures together. The launch also adds to a string of Ripple-backed tokenisation deals with traditional finance players this year, including a tokenized bond partnership in South Korea.
What the Launch Means for Institutional Investors
Eligible investors with digital wallets can now access the tokenised share class while retaining the same investment objective, risk profile, liquidity characteristics and regulatory protections as the conventional fund, according to Aviva Investors, with settlement running on the XRP Ledger’s compliance-focused infrastructure.
The deal is part of a broader wave of institutional crypto adoption that UTB tracks in its ongoing news coverage, as asset managers test regulated ways to bring traditional products onchain.
Where the Aviva-Ripple Partnership Goes Next
Nigel Khakoo, Ripple’s senior vice president of trading and markets, said in February that “tokenisation is now moving from experimentation to large-scale production,” according to Ripple. Versey said the two firms intend to keep exploring additional tokenised fund structures together, though neither company has named a timeline or a specific fund for the next launch.
What This Means for You
For everyday XRP holders, this launch does not create a new way to buy the token itself, since the tokenised fund is limited to eligible investors with compliant digital wallets rather than retail crypto exchanges. It does show that a major asset manager and a national regulator now treat XRP Ledger infrastructure as suitable for a regulated investment product, a different kind of signal than a price move.
Readers following XRP’s institutional adoption story should treat this as evidence of real-world usage rather than a forecast about near-term price direction.
This article is for informational purposes only and does not constitute financial advice. Do your own research before making any investment decisions.
