Aviva Investors has received approval from the Central Bank of Ireland to launch a tokenized US dollar liquidity fund

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.