Brazil's CSD BR Partners with Ripple for XRP Ledger Complementary Registration
CSD BR, a Brazilian financial-market infrastructure operator, has partnered with Ripple to use the XRP Ledger as a complementary registration and auditing layer for its regulated capital markets. The initiative involves mirroring selected BTG Pactual investment-fund shares on the XRP Ledger.
The partnership aims to assess transparency, traceability, automation, and efficiency under real operating conditions without altering current legal duties or processes. CSD BR's systems will retain their authority as the official source of record for registration, deposit, and settlement.
The first phase focuses on tokenization from controlled testing into live operation with BTG Pactual fund shares deposited at CSD BR. After validation, the companies envision considering native asset issuance and trading among authorized participants, potentially including Brazilian Real Estate Receivables Certificates (CRI) and Agribusiness Receivables Certificates (CRA).