Aviva Investors and Ripple deployed a tokenized share class of Sterling Liquidity Fund on the XRP Ledger blockchain, with the fund’s short-term UK government bond portfolio valued at £22 billion, or $29 billion. However, Aviva placed only £50 million on-chain, while its total European digital assets barely exceeded £86 million after a July pilot, representing about 0.4% of the fund. The structure, called a “Digital Twin,” keeps the physical assets under BNY Mellon’s custody, wallet security with Komainu, and technical tokenization with Licuido. Restricted to professional investors after identity checks, it preserves the fund’s regulatory compliance and daily liquidity while opening a regulated institutional use case for XRPL.
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