Aviva Investors launches first tokenized share class for its USD Liquidity Fund on XRP Ledger

What happened

• Specific facts/numbers: Aviva Investors said on July 29, 2026 that it launched a tokenized share class of its US Dollar Liquidity Fund on XRP Ledger; the underlying fund was originally launched in 2020 and targets low-risk returns and daily liquidity through high-grade US dollar short-term debt instruments.
• Institutions involved: Aviva Investors and Ripple announced the launch, with Komainu providing regulated institutional digital asset custody, Licuido providing tokenization infrastructure, The Bank of New York Mellon acting as fund custodian, and the Central Bank of Ireland approving the new share class.
• Regulatory/technical context: Aviva said the new share class was approved by the Central Bank of Ireland, calling it a regulatory first for tokenized fund structures; the tokenized units are issued on the public XRP Ledger while the structure is designed to fit existing regulatory frameworks and keep the same investment objective, risk profile, liquidity characteristics, and regulatory protections as the conventional fund.
• What to watch next: Watch for whether Aviva expands tokenization to other funds or distribution channels and whether other regulated fund managers use the Central Bank of Ireland-approved structure as a template; no specific next milestone was identified.