Aviva Investors receives approval from the Central Bank of Ireland to launch a tokenized US dollar liquidity fund
ChainCatcher news, according to Cointelegraph, London asset management firm Aviva Investors has launched tokenized shares of its US dollar liquidity fund on the XRP Ledger after obtaining approval from the Central Bank of Ireland. Qualified investors can participate via digital wallets, the fund's underlying assets are still held by custodian BNY Mellon, digital asset custody is provided by Komainu, and tokenization infrastructure is provided by Licuido.
The fund invests in high-rated short-term US dollar-denominated debt securities and money market instruments, and the tokenized shares have the same investment objectives and liquidity characteristics as traditional funds.
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