Key Highlights
- Ripple and Aviva team up to bring traditional funds onto XRPL, aiming for faster, cheaper, and secure blockchain transactions.
- XRPL now supports large-scale tokenized assets with 4B+ transactions, 7M wallets, and is maintained by 120 independent validators.
- Beyond Europe, Ripple expands XRPL use with projects like Zand stablecoins and $280M diamond tokenization in the UAE.
Leading fintech firm Ripple is joining forces with Aviva Investors to bring conventional investment funds onto the XRP Ledger (XRPL). This collaboration demonstrates Ripple’s drive to merge blockchain efficiency with traditional finance.
According to the announcement by Ripple, Aviva Investors plans to experiment with tokenized funds to make processes faster and cut operational costs, using XRPL’s quick and low-fee transactions.
Senior executive at Ripple Reece Merrick confirmed on X, ‘‘We’re thrilled to announce that Ripple is partnering with Aviva Investors to bring traditional fund structures to the XRP Ledger.’’
The partnership will enable Aviva Investors to go digital with their fund options without compromising regulated markets. With the help of XRPL, Aviva will be able to make blockchain transactions that are secure, fast, and do not require the need for mining.
Jill Barber, the Chief Distribution Officer at Aviva Investors, said, “We believe there are many benefits that tokenization can bring to investors, including improvements in terms of both time and cost efficiency.” The collaboration also comes amid a rising trend of traditional financial businesses using technology to make things more efficient and expand reach for users.
How XRPL supports institutional finance
The XRPL has handled more than 4 billion transactions and supports over 7 million active wallets. With 120 independent validators, the network stays secure and decentralized. It also offers tools for compliance and energy-efficient settlement, which makes it practical for regulated institutions.
Nigel Khakoo, Vice President at Ripple, said, ‘‘Tokenisation is now moving from experimentation to large-scale production.’’ He further added, “The development of tokenized fund structures is one that we believe can bring huge technological efficiencies to the investment sector, and we expect this to take full effect over the next decade.”
Beyond Aviva, Ripple is working with other organizations to expand XRPL’s real-world use. In the UAE, Zand Bank is now using the blockchain to link its AEDZ stablecoin with RLUSD, a U.S. dollar-pegged stablecoin. Meanwhile, Billiton Diamond recently teamed up with Ctrl Alt to turn $280 million of polished diamonds into digital tokens on XRPL. These projects indicate how the ledger is increasingly being used for digital assets and tokenized commodities.
Also Read: Malaysia Plans Wholesale Ringgit Stablecoin and Tokenized Deposits
