Aviva Investors, the London-based asset management arm of Aviva Plc, has launched a tokenized share class of its US Dollar Liquidity Fund on the XRP Ledger following approval from the Central Bank of Ireland. The tokenized shares will be accessible to eligible investors with digital wallets, while BNY Mellon maintains custody of underlying assets and Komainu provides digital asset custody. The fund targets short-term, high-grade USD-denominated debt securities and matches the investment objective and liquidity profile of its conventional counterpart. This launch reflects a broader industry shift, as traditional asset managers including BlackRock, Franklin Templeton and Apollo have similarly introduced tokenized investment products.
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