The new XRPL-based share class gives eligible investors blockchain-based access to a regulated US dollar liquidity fund while keeping traditional custody arrangements. Aviva Investors, the London-based asset management arm of Aviva Plc, has launched a tokenized share class of its US Dollar Liquidity Fund on the XRP Ledger (XRPL) after receiving approval from the Central Bank of Ireland, marking another step in the growth of tokenized real-world assets. The company announced that the tokenized share class will be available to eligible investors with digital wallets. The fund’s underlying assets will continue to be held by custodian BNY Mellon, while Komainu will provide digital asset custody and Licuido will supply the tokenization infrastructure. The US Dollar Liquidity Fund invests in high-grade, short-term US dollar-denominated debt securities and money market instruments issued by governments, banks and corporations. According to Aviva, the tokenized share class offers the same investment objective and liq...
The six-month central bank pilot brings together market infrastructure providers, banks and Web3 companies to assess how core UK markets could move onchain. The Bank of England has launched a new industry experimentation initiative to explore how tokenized assets could be settled using synchronized, atomic settlement in British pounds sterling as part of efforts to modernize the UK’s real-time gross settlement (RTGS) infrastructure. The Synchronisation Lab initiative will allow 18 selected companies to test delivery-versus-payment and payment-versus-payment settlement between the BoE’s next-generation RTGS core ledger, known as RT2, and external distributed-ledger platforms, in a non-live environment without using real money, according to a bank statement. The six-month pilot, scheduled to start in spring 2026, is intended to validate the central bank’s design choices for synchronized settlement, assess interoperability between central bank money and tokenized assets, and inform the development of a potential...