Ripple on Wednesday partnered with Aviva Investors to tokenize traditional fund structures on the XRP Ledger, yet XRP (CRYPTO: XRP) is down 1%.
The Aviva Partnership
Aviva Investors, the asset management arm of UK insurer Aviva, will work with Ripple to bring traditional financial assets to the XRP Ledger, according to a press release.
This marks Ripple’s first partnership with a European investment management firm.
The XRP Ledger enables Aviva to issue and manage tokenized funds using fast, secure, low-cost blockchain transactions.
The network requires no mining to settle transactions, supporting energy efficiency.
Since 2012, XRPL has processed over 4 billion transactions, supports 7 million active wallets, and operates with 120 independent validators.
Jill Barber, Chief Distribution …