XRP Ledger Gains Aviva Investors’ Largest Fund in Tokenization Move
Photo: TheCoinrise
The UK asset manager's move raises questions about which investors will actually gain access to the new digital fund. Aviva Investors, the asset management arm of British insurance giant Aviva, has moved its largest fund onto the XRP Ledger. The decision places one of the United Kingdom's most established financial institutions directly into the tokenization race. It is a space increasingly populated by banks, asset managers, and fintech firms. Tokenization refers to representing ownership of a traditional asset, such as fund shares, as a digital token on a blockchain.
Also reported by Coinfomania.
Source: TheCoinrise
