Aviva Investors and Ripple Partner to Advance Blockchain Fund Tokenisation
Aviva Investors partners with Ripple to tokenize traditional funds using blockchain, signaling growing institutional adoption.
Asset management giant Aviva Investors has partnered with Ripple to explore tokenisation of traditional investment funds using blockchain technology.
By leveraging the XRP Ledger, the initiative aims to digitise fund ownership records and streamline administrative processes.
What Is Fund Tokenisation?
Fund tokenisation involves converting traditional fund shares into blockchain-based digital tokens.
Benefits may include:
● Faster settlement
● Improved transparency
● Lower transaction costs
● Enhanced liquidity
Tokenisation is increasingly seen as the bridge between traditional finance and decentralized technology.
Industry observers believe such partnerships could accelerate mainstream blockchain adoption in asset management.
Disclaimer:
This content covers industry developments and is not an investment recommendation.