Aviva Investors Launches Tokenized Share Class of $29B Sterling Fund on XRP Ledger

The notable detail is the choice of rail: a major asset manager putting a money-market fund share class on a public, Ripple-affiliated ledger signals that tokenization is moving from pilots into distribution for cash-like products. This matters most for competing tokenized treasury and liquidity offerings, and for the ledgers courting institutional issuers. Whether other large managers follow onto public chains, and how the tokenized class is received relative to the traditional share class, is the open question worth watching.