Aviva Adds Tokenized Sterling Share Class to £22B Fund on XRP Ledger
- —Dollar class launched on XRPL on July 29 with Irish central bank approval
- —Two tokenized classes hold over £86 million combined
- —BNY Mellon is custodian, Komainu handles digital custody, Licuido provides tokenization tech
- —Fund subscriptions are not XRP purchases; the network burns just 0.00001 XRP per transaction
Why it matters: The launch shows tokenized funds on XRPL remain tiny in scale and do little to drive demand for XRP itself.
Source: Coindoo
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