Aviva Investors to Tokenize Funds Using XRP Ledger Technology
UK-based asset manager Aviva Investors plans to leverage the XRP Ledger blockchain, in collaboration with RippleX senior vice president, to expand digital asset capabilities.
XRP
Summary
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Terms & Concepts
XRP Ledger: A decentralized public blockchain developed by Ripple, optimized for fast and low-cost transactions.
Tokenization: The process of converting assets or rights into digital tokens on a blockchain for easier transfer and fractional ownership.
RippleX: An innovation arm of Ripple focused on developing blockchain infrastructure and tools for the XRP Ledger ecosystem.