Brazilian Operator Records $4 Trillion in Assets on XRP Ledger

CSD BR, Brazil's financial-market operator, has started recording investment funds managed by BTG Pactual on the XRP Ledger. The funds have over $4 trillion in assets under management.

The official record is still held with CSD BR, but a copy of the ownership records will be stored publicly on the blockchain. This means that anyone can see the token movements on XRP Ledger, but only CSD BR decides who can own and transfer them.

This project uses live fund records from the start, not test data, and is designed to improve reconciliation between CSD BR's database and approved banks' books. Currently, this process is slow and expensive, with a mismatch potentially delaying trades.