Aviva launches £50 million tokenized fund class on XRP Ledger. Aviva Investors and Ripple launched a tokenized share class of the Aviva Investors Sterling (GBP) Liquidity Fund on the XRP Ledger on October 26, 2026, giving eligible investors with digital wallets an on-chain route into the asset manager's largest fund. Aviva committed £50 million, or about $66 million, to the new share class, making the deployment a direct institutional use of XRPL rather than a broad multi-asset announcement. The underlying Ireland-domiciled UCITS money market fund has about £22 billion in assets under management, but that figure describes the entire conventional fund and should not be confused with the amount tokenized or newly invested. Aviva said its July U.S. dollar share class and the new sterling class together have attracted more than £86 million, or about $116 million. The product uses a "digital twin" structure: ownership is represented and managed on XRPL while the legal fund structure and underlying portfolio remain off-chain. It retains the conventional share class's investment objective, risk profile, daily liquidity, and regulatory protections; Komainu provides regulated digital-asset custody, Licuido supplies the tokenization infrastructure, and BNY holds the underlying fund assets. Public data has not yet fully reflected the launch. RWA.xyz's AGB asset page showed $0 in total asset value and zero holders when checked on October 26, although it identified Aviva Investors as manager, Licuido as the platform, and XRP Ledger as the native network. The mismatch may reflect indexing or issuance timing, so it is too early to treat the announced commitment as independently verified on-chain circulation. The deployment expands native XRPL usage, but it does not by itself show that Aviva bought XRP or that £50 million will become demand for the token. Traders following the live XRP price should distinguish use of the ledger's infrastructure from direct purchases of XRP. Next, the market will watch when the tokenized shares become visible in public ledger data, how many external eligible investors subscribe, and whether transfers, redemptions, collateral integrations, and daily liquidity operate at institutional scale. Sources. Information disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Crypto assets are volatile, and readers should conduct their own research. Get $10 for Free! In under a minute, get your $10 reward and unlock a $10,000 bonus pool!

Industry moves: Erin McKee starts cross-border insurance advisory. Plus, Wellington-Altus scores advisory team and appointments at Manulife Wealth, Aviva Investors and more October 26, 2026 Erin McKee has started DualSure Advisory after leaving Manulife Wealth, where she was head of insurance partnership and programs for North America, in June. McKee has more than 20 years of industry experience, with a focus since 2016 on U.S.-Canada cross-border insurance. Before joining Manulife in mid-2025, she was president of U.S.-based Ventum Insurance Services Corp. She also spent two years as a product manager in the insurance services division of TD Wealth's national sales office, where she ran a large-scale training program for advisors across Canada, and previously ran an insurance consultancy. At TD, "folks kept bringing me cross-border insurance questions because I was licensed in the States and I had experience in the States, and that never stopped," she said in an interview. "Since then, I get a lot of the questions of, 'Hey, a client's got a U.S. policy and he moved to Canada. What do I do with this?'" Cross-border wealth management is a growing focus of the industry, but McKee sees a need for cross-border insurance expertise. A dual citizen who's licensed in Ontario, Quebec and Massachusetts so far, McKee will serve advisors with high-net-worth clients and families who have cross-border assets. "If you look at the table of advisors who are providing advice to a high-net-worth client on both jurisdictions, the insurance advisor at the table is usually only licensed in one jurisdiction or the other, and not both," she said. Other recent notable moves across the financial industry include: * Christian Mattenley has joined Wellington-Altus Private Wealth as a senior wealth advisor and senior portfolio manager. He left Scotia Wealth Management after nearly 10 years. Mattenley has more than 25 years of industry experience, including vice-president (VP) level roles at AGF Investments Inc. and Dynamic Funds and has been a member of the associate faculty at Royal Roads University's School of Business. He brings a team of four with him, including wealth advisor and portfolio manager Patrick Smith. * Ken Lofranco has been named head of succession planning at Manulife Wealth. Lofranco was a regional director with Manulife Securities for more than two decades before leaving for a role as VP, national advisor growth, at Investment Planning Counsel in 2022. * Pat Chiefalo has joined Aviva Investors as head of product development and management in the Americas with Aviva Investors, a newly created role. He has more than 25 years of experience across product strategy and development, and was previously head of product with Invesco Canada. He's also has served in senior roles at BlackRock, including as managing director and head of iShares Canada, National Bank Financial and Bank of America Merrill Lynch. * Sara Mahaffy has been named head of Canadian equity strategy, in addition to her ongoing role as managing director, head of global sustainability strategy research at RBC Capital Markets. She joined RBC nine years ago from Credit Suisse, where she served as VP, equity research, for seven years. She's based in New York. * Gareth Gibbins has been named head of pensions and financial security at the National Institute on Ageing, which he joined as an associate fellow in mid-2025. He previously was with OMERS for more than 17 years, starting as corporate counsel in pensions and later serving in a number of VP-level roles focused on pension policy, governance and legal matters. * Olivia Steedman has been appointed executive managing director overseeing the Asia-Pacific region for Ontario Teachers' Pension Plan, in addition to her current role leading Teachers' Venture Growth. Her new role, based in Singapore, will begin Jan. 1, 2027. Steedman has nearly 25 years of experience with Ontario Teachers', including more than seven in her current role. If you know of other people moves in the financial industry and/or would like Investment Executive to consider your announcement, email Alisha Hiyate at [email protected].

Aviva Investors has launched a tokenised share class of its Sterling Liquidity Fund on the XRP Ledger, the firm and Ripple announced on October 26, 2026. The fund is Aviva's largest, with about £22 billion in assets under management. It is the firm's second tokenised fund, after the USD Liquidity Fund launched in July 2026. Together, the two share classes hold more than £86 million, including a £50 million investment from Aviva in the new class. The fund uses a digital twin model, which represents holdings on-chain while the existing off-chain structure stays intact. Eligible investors with digital wallets can access it. "We believe tokenised funds can increase efficiency and ultimately lead to improved client outcomes," said Mark Versey, chief executive officer of Aviva Investors.