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UK Sees Landmark Partnership Between Ripple and Aviva Investors for Tokenized Funds

Blockchain company Ripple has announced a strategic partnership with Aviva Investors, one of the largest asset management firms in the UK.

This collaboration aims to tokenize traditional mutual funds on the XRP Ledger (XRPL), signifying Ripple’s first venture with an investment management company in Europe.

Aviva Investors intends to issue and manage these tokenized funds using the public XRPL network, enhancing the portfolio management landscape.

This initiative represents a pioneering step for Aviva Investors into the realm of tokenized fund structures, with developments anticipated to continue through 2026 and beyond.

Ripple asserts that this partnership is integral to establishing XRPL as the foundational infrastructure for regulated financial assets.

Since its launch, the XRPL network has processed billions of transactions, ensuring efficiency and reliability maintained by independent validators.

Ripple’s Vice President of Trading and Markets, Nigel Khakoo, highlights that tokenization has progressed from testing to large-scale production, promising enhanced efficiency in investment.

In the broader context, Ripple is also expanding its institutional offerings, recently integrating DeFi elements through Hyperliquid into its prime brokerage platform.

However, it’s worth noting that XRP has experienced a significant decline of about 33% in value over the past month amid general market downturns.

This partnership with Aviva could potentially position Ripple and the XRPL as key players in the evolving landscape of digital finance.