Brazil's CSD BR Starts Mirroring Records on XRP Ledger for BTG Pactual Funds

CSD BR, Brazil's financial-market operator responsible for over $4 trillion in assets, has started mirroring records of selected BTG Pactual investment funds on the XRP Ledger.

The public blockchain will serve as a second record of ownership changes in real-time, reducing the slow and costly reconciliation process while preserving identity checks and regulatory controls.

CSD BR's existing database remains the official record for registration, custody, and settlement, but the company is testing the use of XRP Ledger to verify ownership changes in near-real time.