Blockchain company Ripple has formed a strategic partnership with UK-based asset management giant Aviva Investors to tokenize traditional mutual funds on the $XRP Ledger (XRPL). This agreement is noteworthy as it marks Ripple’s first collaboration with an investment management company in Europe.
According to the companies’ statements, Aviva Investors aims to issue and manage tokenized funds using XRPL, a public blockchain network.
Aviva Investors is the global asset management arm of Aviva Plc, one of the UK’s largest insurance companies. This initiative will also mark Aviva Investors’ first foray into tokenized fund structures, and the project is expected to continue developing throughout 2026 and beyond.
Ripple views this move as part of its strategy to make XRPL the infrastructure for regulated financial assets. The company emphasized that the non-mining-based XRPL network has processed billions of transactions since its inception and is maintained by independent validators.
Ripple’s Vice President of Trading and Markets, Nigel Khakoo, stated that tokenization has now moved beyond the testing phase and into “large-scale production,” adding that tokenized funds will bring significant efficiency gains to the investment sector.
On the other hand, Ripple continues to expand its institutional product lineup. The company recently took its first DeFi step by integrating Hyperliquid into its prime brokerage platform. Meanwhile, $XRP has lost approximately 33% of its value in the last month due to general market weakness.
*This is not investment advice.