Ripple Partners with UK's Aviva to Tokenize Funds on XRP Ledger

On November 11th, UK-based asset management giant Aviva Investors and Ripple announced a partnership aimed at tokenizing traditional fund structures on the XRP Ledger. Both parties are deepening their cooperation with an eye on building next-generation asset infrastructure for institutional investors. According to the statement, this initiative marks Aviva Investors' first foray into tokenization solutions and represents Ripple's inaugural collaboration with a European asset management company. The companies plan to continue their partnership beyond 2026, aiming to operationalize tokenized funds. Tokenization is expected to reduce settlement times and costs for funds.