Aviva Investors has appointed Komainu as digital‑asset infrastructure partner for the launch of its first tokenised fund share class, issued on the XRP Ledger for the Aviva Investors US Dollar Liquidity Fund.
The tokenised share class uses a digital‑twin model that mirrors the existing fund structure, allowing investors’ holdings to be represented on‑chain while maintaining the same governance, protections and operational processes. Komainu will provide regulated institutional digital‑asset custody for wallets associated with the issuer and investor ecosystem.
Darren Jordan, chief commercial officer at Komainu, said the launch demonstrates how regulated products can be brought on‑chain in a controlled and practical way. “Komainu’s role is not simply to provide custody, but to help institutions build the secure operating model they need to participate in digital finance with confidence,” he said.
The initiative marks Aviva Investors’ first move into tokenisation and reflects growing institutional interest in blockchain‑based fund structures. Asset managers, banks and market participants are increasingly exploring tokenised securities, funds and collateral as they look to improve efficiency, transparency and resilience across capital markets.
The launch follows Aviva Investors’ partnership with Ripple announced earlier this year. Nigel Khakoo, SVP for trading and markets at Ripple, said the project shows how established fund structures can be brought on‑chain with robust infrastructure. “The XRP Ledger was built for exactly this kind of institutional application,” he said.
Komainu’s role builds on its expanding work supporting institutional access to tokenised assets, including custody and collateral‑management services for tokenised money‑market and liquidity products such as BlackRock’s BUIDL token.
Join Komainu and Aviva Investors at Capital Pioneer Digital Asset Summit in London on September 21.
