Aviva Investors has launched a tokenized share class of its US Dollar Liquidity Fund on the XRP Ledger, marking its first tokenized fund product. The Central Bank of Ireland approved this new share class, allowing eligible investors to access the fund via digital wallets while BNY Mellon holds the underlying assets. This move leverages a "digital twin" structure where fund holdings are represented on the blockchain without moving the actual securities. The launch enhances efficiency and client outcomes, with Ripple supporting the blockchain infrastructure as part of a broader institutional strategy.
Aviva Investors, a major UK asset manager with $345 billion in assets, has launched a tokenized share class of its US Dollar Liquidity Fund on the XRP Ledger. This initiative marks Aviva's first step into asset tokenization, using a 'digital twin' mo...
Bitcoin and Ethereum posted modest gains while major altcoins showed mixed performance, signaling selective risk appetite in the crypto market. Bitcoin's market dominance rose to 58.80%, indicating capital concentration in the most liquid asset, whil...
Bitcoin price climbed to around $64,400 after the Federal Reserve decided to keep interest rates unchanged at 3.50% to 3.75% following its July meeting. The Fed's decision to pause rate hikes for the fifth consecutive time came amid mixed views withi...
Dana Love, Ph.D., predicts XRP may see a significant price increase if three conditions align: a Bitcoin governance confidence shock, failure of the U.S. Senate to pass crypto-market legislation, and sustained demand for XRP spot ETFs. Despite Bitcoi...
The XRP Ledger has activated its latest fix amendment, making XRPL 3.2.0 the minimum version for validators. RippleX developer Mayukha Vadari emphasizes that the ledger's progress should be measured by long-term improvements like infrastructure, liqu...
