Aviva Launches Tokenized Sterling Liquidity Fund
Qualified investors can now access a $66 million sterling share class through blockchain-based digital wallets.
Updated on Oct. 26, 2026 in Investing
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Aviva Investors has introduced a tokenized share class of its Sterling Liquidity Fund on the XRP Ledger. This expansion marks the firm's second tokenized fund offering, catering specifically to qualified investors with digital wallets.
Why it matters
The expansion signals a growing trend of institutional asset managers mirroring traditional UCITS money market fund holdings on blockchain ledgers. By allowing investors to manage digital tokens that represent off-chain holdings, firms are testing new ways to provide liquidity in the investment market.
Aviva Investors now holds $116 million in combined investment across its two tokenized share classes. The new sterling-denominated class accounts for $66 million of that total.
The players
Aviva Investors
An asset management firm providing various investment funds to institutional and individual investors.
BNY Mellon
A major global financial services company that acts as the custodian for the underlying assets of the funds.
Licuido
A financial technology firm that provides the specific platform infrastructure used for tokenizing fund assets.
XRP Ledger
A decentralized blockchain network used by institutional firms to host tokenized versions of traditional financial assets.
The details
The Sterling Liquidity Fund operates as an Irish-registered UCITS fund, keeping the actual underlying assets held by BNY Mellon in traditional custody. To create the tokenized version, Aviva Investors mirrors the fund's holdings onto the XRP Ledger using technology supported by Licuido. This structure allows qualified investors to use digital wallets to hold tokens that represent their interest in the fund, rather than managing paper certificates.
Timeline
July 2026: Aviva Investors launched a U.S. dollar liquidity fund tokenization.
October 26, 2026: The sterling fund tokenized share class was officially launched.
Money Landscape
This move reflects the ongoing push by institutional managers to integrate blockchain technology into regulated UCITS money market funds. It marks a shift in how traditional liquidity vehicles are accessed by qualified investors through digital architecture.
Qualified investors may now access this specific sterling liquidity option via digital wallets rather than traditional brokerage channels. Consult a qualified financial professional to determine if tokenized asset classes align with your portfolio strategy and liquidity needs.
The takeaway
Tokenized funds aim to streamline access to traditional liquidity, though they remain limited to qualified investors with specific digital infrastructure. If you are considering this investment, check your current digital wallet capabilities and discuss the risks of blockchain-linked assets with a professional.
Further reading
Learn more about the evolving world of digital asset funds in our Investing section.
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