UK asset management firm Aviva Investors partners with Ripple to launch a tokenized fund on the XRP Ledger

According to CoinDesk, UK asset management firm Aviva Investors has announced a partnership with Ripple to issue and manage tokenized fund products on the XRP Ledger (XRPL).

It is reported that this is Aviva Investors' first foray into tokenized funds, aiming to incorporate blockchain products into its traditional asset management business system. Ripple will provide technical support to assist Aviva Investors in building the tokenized fund structure on the XRPL.