Ripple partners with Aviva Investors to tokenize funds on XRP Ledger

Ripple has partnered with Aviva Investors to explore bringing tokenized traditional fund structures onto the XRP Ledger, marking Ripple’s first collaboration with a European investment management business.

The firms said Aviva Investors intends to issue and manage tokenized funds using the XRPL, a public blockchain designed for financial transactions. Aviva Investors is the global asset management arm of Aviva plc, one of the UK’s largest insurers. The initiative also represents Aviva Investors’ first move into tokenized fund structures and is expected to develop through 2026 and beyond, according to a Wednesday announcement.

Tokenization at scale

Ripple will support the effort as part of its broader push to position the XRPL as infrastructure for regulated financial assets. The network, which does not rely on mining for transaction settlement, has processed billions of transactions since launch and is maintained by independent validators, the companies said. Ripple described the agreement as a step toward deploying regulated financial assets at scale on reliable blockchain infrastructure.

"Tokenization is now moving from experimentation to large-scale production," Nigel Khakoo, Ripple’s VP of Trading and Markets, stated. "The development of tokenized 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."

Outside of XRPL-related moves, Ripple continues to broaden its institutional product suite. The company recently added decentralized exchange Hyperliquid to its prime brokerage platform in its first DeFi integration.

Ripple also dismissed rumors about a possible public offering, citing a healthy balance sheet and a growth strategy. Prior to that clarification, the firm raised $500 million at a $40 billion valuation from private investors led by Fortress Investment Group and Citadel Securities. As The Block previously reported, the deal included profit guarantees.

Meanwhile, XRPL native asset XRP has faced pressure amid broader market weakness, with the cryptocurrency down roughly 33% over the past month, according to The Block’s price page.