Aviva Investors, a London-based asset manager, has launched tokenized shares of its U.S. liquidity fund on the XRP Ledger after receiving approval from the Central Bank of Ireland, according to Cointelegraph. The product is open to qualified investors, who can participate through digital wallets. The underlying assets remain in custody with BNY Mellon, while Komainu is handling digital asset custody and Licuido is providing the tokenization infrastructure. The fund invests in highly rated short-term U.S. dollar-denominated debt securities and money market instruments. Aviva Investors said the tokenized shares carry the same investment objective and liquidity profile as the traditional version of the fund.
Aviva Investors, a London-based asset manager, has launched tokenized shares of its U.S. liquidity fund on the XRP Ledger after securing approval from the Central Bank of Ireland, according to Cointelegraph.
Qualified investors can access the product through digital wallets. The fund’s underlying assets remain held by custodian BNY Mellon, while Komainu is providing digital asset custody and Licuido is supplying the tokenization infrastructure.
The fund invests in highly rated short-term U.S. dollar-denominated debt securities and money market instruments. Its tokenized shares have the same investment objective and liquidity characteristics as the traditional fund.
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