Ripple, the blockchain firm behind the $XRP Ledger, is teaming up with Aviva Investors to bring traditional investment funds onchain through tokenization, the companies announced Wednesday.
Aviva Investors, the asset management arm of British insurer Aviva Plc, will use the $XRP Ledger’s infrastructure to convert conventional fund products into digital tokens. The deal marks Ripple’s first such arrangement with a European money manager.
Details of the collaboration will be shared at $XRP Community Day today, where Markus Infanger, an XRPL ecosystem advocate, and Aviva’s Alastair Sewell are scheduled to speak.
The $XRP Ledger, a public blockchain built for rapid cross-border transfers and asset digitization, has handled upwards of 4 billion transactions since going live in 2012. The network currently supports roughly 7 million active wallets and processes about 1,500 transactions per second.
Aviva, overseeing $346 billion (£253 billion) in client assets as of September 2025, has a strong track record of innovation. The company sees tokenised funds as a promising addition to its product lineup.
“We believe there are many benefits that tokenisation can bring to investors, including improvements in terms of both time and cost efficiency,” Jill Barber, Chief Distribution Officer at Aviva Investors, said in a statement. “We are committed to adopting technological advancements that we believe can bring about positive change for our business, and we think tokenized funds can be hugely beneficial to our clients.”
The tokenization sector is transitioning from experimental tokenization to production-level applications, as noted by Nigel Khakoo, Ripple’s Vice President of Trading and Markets. He added that XRPL provides the necessary secure, scalable, and compliant infrastructure to support institutional adoption over the coming decade.
Aviva’s initiative represents its debut in blockchain-based fund structures, with joint efforts expected to continue through 2026 and beyond.