aviva

According to Cointelegraph, London asset management company Aviva Investors has launched its dollar liquidity fund tokenized shares on the XRP Ledger after receiving approval from the Central Bank of Ireland. Qualified investors can participate through digital wallets, with the underlying assets of the fund still held by the custodian, BNY Mellon, while Komainu provides digital asset custody and Licuido offers tokenization infrastructure.The fund invests in high-rated short-term dollar-denominated debt securities and money market instruments, with tokenized shares having the same investment objectives and liquidity characteristics as traditional funds.

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.

ChainCatcher news, the blockchain-based mortgage platform Acre has announced the completion of £6.5 million (approximately $8.05 million) in seed funding, with participation from McPike Global Family Office (MGFO), Aviva, and Founders Factory. It is reported that Acre previously completed a $5 million funding round in 2019.Acre's platform uses blockchain technology to verify consumer and property data, supporting the mortgage business. The platform's annual mortgage volume has exceeded £10 billion, and the new funds will be used to expand and establish new partnerships and launch other financial products and services. (Source link)