Ripple Taps UK Investment Giant to Bring RWA Tokenization on XRP Ledger

Ripple has announced a new partnership agreement with one of the key investment giants in the UK, Aviva Investors, for bringing traditional fund constructs to the XRP ledger, in response to growing interest in the tokenization of markets.

Aviva Investors to Debut Tokenized Products Using XRP Ledger

In a press release, Ripple said that this year, it will start working in association with Aviva Investors to include traditional financial assets in its ledger.

The network has processed over four billion transactions since 2012, has over seven million active wallets, and operates through 120 individual validators. The partnership with Aviva Investors marks the first time Ripple has collaborated with an asset manager on the continent.

This also comes at a time when Ripple shared in its roadmap at the end of last year that it would be building on its institutional push for tokenization on the XRP Ledger. The notable partnerships that this firm has entered into globally include BNY, American Express, and PNC Bank.

Jill Barber, Chief Distribution Officer at Aviva Investors, also highlighted that bringing this onto the XRP ledger could offer many benefits to investors.

“We believe there are many benefits that tokenisation can bring to investors, including improvements in terms of both time and cost efficiency, he said.” We think tokenised funds can be hugely beneficial to our clients.”

Ripple’s Future Still Tied to Its Token, CEO Confirms

The firm’s CEO, Brad Garlinghouse, has come out to reaffirm that XRP is still the top priority. This comes amid the various ecosystem expansions seen that may not directly affect the token’s utility.

For instance, yesterday, Ripple announced a new partnership with Zand Bank to boost the adoption of RLUSD in the UAE. Many investors have speculated that the firm is more concerned about boosting its stablecoin activity than the token.

Garlinghouse spoke to the ongoing discussions, saying “The XRP family will always be top of mind,” he said. Notably, the firm has bet big on the future of the coin. The firm invested in a $1 billion project to establish a treasury on the altcoin.