Ripple partners with Aviva Investors to tokenize funds on XRP Ledger

Ripple has entered into a partnership with Aviva Investors, the global asset management arm of UK insurer Aviva plc, to bring tokenized traditional fund structures onto the XRP Ledger (XRPL). This marks Ripple's first collaboration with a European investment management business and Aviva Investors' initial foray into tokenized fund structures, with development expected through 2026 and beyond. Ripple aims to support this initiative as part of its strategy to establish the XRPL as infrastructure for regulated financial assets, emphasizing its efficiency and reliability over traditional mining. Nigel Khakoo of Ripple noted that tokenization is moving into large-scale production, expecting significant technological efficiencies in the investment sector over the next decade. The article also briefly mentions Ripple's recent expansion of its institutional product suite, including a DeFi integration with Hyperliquid, and reiterates that the company dismissed IPO rumors despite having recently raised $500 million at a $40 billion valuation.

(Source：The Block)