Brazil Integrates Public Blockchain Tech into Regulated Financial Infrastructure

Ripple and CSD BR have partnered to integrate public blockchain technology into Brazil's regulated financial infrastructure.

The initiative, announced on September 29, will use the XRP Ledger to mirror ownership data for Brazilian investment funds, starting with BTG Pactual fund shares.

CSD BR has over BRL 22 trillion in assets registered and has permission from Brazil's Central Bank and CVM to implement this project.

The shares issued by the fund will be based on the multi-purpose token standard of the XRP Ledger, allowing for financial asset setup rules and participant restrictions.