Ripple, the blockchain firm known for its development of the XRP Ledger, has entered into a strategic partnership with Aviva Investors to facilitate the on-chain transformation of traditional investment funds through tokenization. Aviva Investors is the asset management division of British insurance giant Aviva Plc, which currently manages assets totaling $346 billion (£253 billion). The announcement was made on Wednesday, marking Ripple’s inaugural collaboration with a European money manager.
The partnership allows Aviva to leverage the robust infrastructure of the XRP Ledger to convert conventional fund products into digital tokens. This initiative is set to be detailed during the XRP Community Day, where key representatives from both Ripple and Aviva are scheduled to discuss the implications of their collaboration.
Since its inception in 2012, the XRP Ledger has processed over 4 billion transactions, showcasing its efficiency with an active network of around 7 million wallets and a throughput capacity of approximately 1,500 transactions per second. This extensive experience positions the ledger as a suitable choice for the secure and compliant tokenization of financial assets.
Aviva’s Chief Distribution Officer, Jill Barber, emphasized the potential advantages of tokenization, noting that it can lead to significant improvements in both time and cost efficiency for investors. “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,” she stated.
The landscape of tokenization is evolving from experimental projects to more established applications, according to Nigel Khakoo, Vice President of Trading and Markets at Ripple. The XRP Ledger’s capabilities provide the secure and scalable infrastructure necessary to support institutional adoption in the coming years.
This initiative marks Aviva’s first venture into blockchain-based fund structures, and both companies anticipate continued collaboration through 2026 and beyond as they explore further innovations in the realm of digital finance.
