Central Bank of Ireland Approves First Public-Chain Tokenized Fund on XRP Ledger
The Central Bank of Ireland has approved a groundbreaking tokenized share class for Aviva Investors' USD Liquidity Fund, built on the XRP Ledger (XRPL). This marks the first time an EU financial regulator has authorized a public-chain-based fund structure. The product went live on July 29, 2026, with BNY Mellon holding underlying assets and Komainu providing digital asset custody. The initiative is part of a multi-year partnership between Aviva Investors and Ripple announced in February 2026 to tokenize multiple asset classes using XRPL. The tokenized fund offers the same investment objective and regulatory protections as its traditional counterpart, with access via digital wallets for eligible investors. This development provides EU-based managers with a live compliance template rather than just theoretical guidance. XRPL was selected due to its fast settlement times, low costs, and native support for tokenization—key features for institutional use cases requiring predictable finality and built-in regulatory tools.