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Aviva Tokenises Part of £22 Billion Sterling Fund on XRP Ledger

(3 hours ago) · 1 source · Summarized by CryptoBipto

Aviva, one of the UK's largest insurance and asset management companies, has tokenised a portion of its £22 billion sterling fund using the XRP Ledger blockchain. The move represents one of the largest traditional finance deployments on the XRP Ledger to date.

WHY IT MATTERS

Tokenisation is like turning a paper certificate into a digital one that lives on a blockchain — a shared, tamper-resistant digital ledger. When a large traditional company like Aviva, which manages money for millions of people, puts part of a major fund onto a blockchain, it signals that established financial institutions are finding practical uses for this technology. For someone new to crypto, this is an example of how blockchains are being used not just for cryptocurrencies like Bitcoin, but also to manage traditional investments like bonds and funds. The XRP Ledger is one of several blockchains competing to host these kinds of real-world financial applications.

Aviva is a major UK-based insurance, savings, and investment company managing hundreds of billions in assets. The decision to tokenise part of its £22 billion sterling fund on the XRP Ledger marks a significant step in the intersection of traditional finance and blockchain technology.

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