- Ripple teams up with Aviva to bring traditional assets onto the XRPL.
- The move comes as part of the XRP platform’s broader efforts to establish tokenization.
- The partnership marks Ripple’s first alliance with a UK-based asset manager.
Ripple has joined hands with Aviva Investors to bring traditional fund products onto the XRP Ledger (XRPL). This development marks a significant step in the tokenization of traditional financial assets. The partnership will reportedly allow Aviva Investors to explore blockchain-based fund structures, aiming to streamline processes and improve efficiency for clients.
Under the collaboration, Ripple will help Aviva issue and manage tokenized funds on the XRP Ledger. This initiative represents Aviva Investors’ first move into tokenization, reflecting growing interest among traditional financial institutions in leveraging blockchain technology.
Ripple Expands XRPL with Aviva’s Blockchain Fund Initiative
According to a recent press release, Ripple has partnered with Aviva Investors, the global asset management arm of Aviva plc. This move is part of the XRP company’s broader efforts to bring traditional fund products into the blockchain through tokenization.
“We’re really delighted to announce our collaboration with Ripple, and we look forward to working closely with the team to explore tokenising solutions,” stated Jill Barber, Chief Distribution Officer at Aviva Investors, sharing the company’s excitement over the Ripple partnership. Barber added,
“We believe there are many benefits that tokenisation can bring to investors, including improvements in terms of both time and cost efficiency. As the investment arm of the UK’s leading insurer, we have a long track record with regards to innovation. We are committed to adopting technological advancements that we believe can bring about positive change for our business, and we think tokenised funds can be hugely beneficial to our clients.”
The alliance will help Ripple to tokenize conventional assets on the XRP Ledger via Aviva. XRP Ledger is a public blockchain designed for fast and efficient global financial transactions. This marks Ripple’s inaugural partnership with a European investment management firm.
It is worth noting that the move comes following the company’s recent acquisition of a full EMI license from the UK’s Luxembourg. This development, combined with the Aviva partnership, reveals the XRP platform’s broader vision of expanding in the UK.
How Will Tokenized Funds Come to the XRPL?
Notably, Aviva Investors is exploring tokenized solutions for the first time as part of the company’s plan to modernize its product offerings. Through this partnership, Aviva and Ripple will work together in 2026 and beyond to bring traditional funds onto the XRP Ledger.
The XRPL will allow Aviva to issue and manage tokenized funds efficiently. Transactions on the network are fast, secure, and low-cost. As it doesn’t rely on energy-intensive mining, it’s more environmentally friendly than some of the other blockchains. The platform also includes compliance features that help regulated financial institutions meet legal and operational requirements.
Ripple sees tokenization as a major element in the future of finance, which can significantly bridge the gap between TradFi and DeFi. Nigel Khakoo, the Vice President of Ripple’s Trading and Markets, stated,
“Tokenisation is now moving from experimentation to large-scale production. Institutions like Aviva Investors are now focused on how to deploy regulated financial assets at scale. The development of tokenised fund structures is one that we believe can bring huge technological efficiencies to the investment sector, and we expect this to take full effect over the next decade. With its built-in compliance tools, near-instant settlement, and native liquidity, the XRPL provides the secure and scalable infrastructure required to support the next generation of institutional assets.”
This development comes closely on the heels of another major tokenization milestone within the XRP ecosystem. As Times of Blockchain recently reported, Ripple partnered with Billiton Diamond to tokenize physical diamonds on the XRPL.
