Where Aviva Investors' Tokenized Funds Sit on the XRP Ledger
Aviva Investors' two tokenized money market fund share classes are issued by one XRP Ledger account. Three wallets hold every unit, the two largest line up with the amounts in Ripple's press release, and the tokens cannot be traded or passed between holders.
The issuer
r9o37ZXw3VQyvZzYk4p6wEgGZhH14mHmr2 issues exactly two tokens. Both are Multi-Purpose Tokens (MPTs), the XRP Ledger's newer token type, and the description stored with each names its issuer as "Aviva Investors Liquidity Funds plc", with a link to Licuido, the tokenization platform named in Ripple's press release of 26 October 2026. The same day, the address was posted on X as "Onchain proof" of the launch.
| Fund | Ticker | Created | Units issued |
|---|---|---|---|
| Aviva Investors US Dollar Liquidity Fund | AUS | 21 Jul 2026 | 50,050,000 |
| Aviva Investors Sterling Liquidity Fund | AGB | 7 Sep 2026 | 50,050,000 |
What the funds are
Both are money market funds: they hold high-grade short-term debt and aim for low-risk returns with daily access to the money (Aviva's July release, Ripple's October release). Each is an Irish UCITS fund, and the token is a new share class of an existing fund, not a new fund.
| Sterling fund (AGB) | US Dollar fund (AUS) | |
|---|---|---|
| Invests in | High-grade sterling short-term debt | High-grade US dollar short-term debt |
| Running since | 2002 | 2020 |
| Fund size | About £22 billion, Aviva Investors' largest fund | $1.23 billion in its other share classes (July 2026) |
| Token share class | October 2026 | July 2026 |
- Open to eligible investors with a digital wallet; the dollar fund's tokens start at £1 million (Ledger Insights).
- Komainu provides digital asset custody and Licuido the tokenization platform. The Central Bank of Ireland approved the dollar share class, which Aviva calls a regulatory first (Aviva).
- Not a deposit: Aviva's release says "an investment in a Money Market Fund is different from an investment in deposits and can fluctuate in price".
Who holds the units
- IssuerrfgDF5…rZ7p50,000,000 AUS
- Issuerr3g3rf…pyTK50,000,000 AGB
- IssuerrLUL6u…AEuv50,000 AUS50,000 AGB
- A holderanother holderRefused by the ledger:
tecNO_AUTH - A holderthe XRP Ledger's exchangeRefused by the ledger:
tecNO_PERMISSION
The payments as a table
| Date | Payment | Units | Result |
|---|---|---|---|
| 23 Jul 2026 | Issuer to rLUL6u…AEuv | 50,960 AUS | tesSUCCESS |
| 24 Jul 2026 | rLUL6u…AEuv to issuer | 960 AUS | tesSUCCESS |
| 28 Jul 2026 | Issuer to rfgDF5…rZ7p | 50,000,000 AUS | tesSUCCESS |
| 17 Sep 2026 | Issuer to rLUL6u…AEuv | 50,000 AGB | tecNO_AUTH |
| 17 Sep 2026 | Issuer to rLUL6u…AEuv | 50,000 AGB | tesSUCCESS |
| 15 Oct 2026 | Issuer to r3g3rf…pyTK | 51,000 AGB | tesSUCCESS |
| 16 Oct 2026 | r3g3rf…pyTK to issuer | 1,000 AGB | tesSUCCESS |
| 21 Oct 2026 | Issuer to r3g3rf…pyTK | 49,950,000 AGB | tesSUCCESS |
Ripple's press release says Aviva invested £50m ($66m) in the sterling share class and £86m ($116m) across both, which leaves about $50m in the dollar one. At one pound or one dollar per unit, the two large positions match. The third wallet holds 50,000 units of each and was created by rhz6MMvrU5aFPG1ReLSvaM5zGaoZJ8DB23, the wallet that also created the issuer.
What the tokens allow
| Setting, both tokens | What it means |
|---|---|
Holder approval On | A wallet must opt in and be approved by the issuer before it can receive units. rippled |
Clawback On | The issuer can take units back from any holder. rippled |
Transfers between holders Off | Units go from the issuer to a holder and back, never from one holder to another. rippled |
Trading Off | Units cannot be placed in offers on the XRP Ledger's built-in exchange. rippled |
Freezing Off | The issuer cannot freeze a holder's units. rippled |
Neither token can be bought on the XRP Ledger: units move only between the issuer and wallets it has approved. Ripple's press release says the share class is for "eligible investors with digital wallets".