Brazil's CSD BR Goes Live with Ripple Partnership, But XRP Price Remains Unfazed

Ripple's partnership with Brazil's CSD BR has gone live, with the first phase of their agreement seeing fund shares from BTG Pactual mirrored on the XRP Ledger.

The move marks a significant milestone for the industry, with the partners planning to extend blockchain use to native asset issuance and trading between authorized participants in the coming phases.

CSD BR's systems remain the official source for registration, deposit, and settlement, while the XRP Ledger serves as a secondary layer where authorized participants can check and audit records in near real time.