CSD BR and Ripple Partner on Mirrored Ownership Records for BTG Pactual Shares

Brazilian Central Securities Depository (CSD BR) and Ripple have partnered to create a mirrored ownership record for BTG Pactual investment-fund shares on the XRP Ledger.

The partnership aims to provide a complementary querying and auditing layer for approved institutions, allowing them to verify ownership changes in near real-time.

The mirrored shares use XRPL's Multi-Purpose Token standard, with access limited to authorised corporate and banking participants subject to know-your-customer and anti-money-laundering controls.

CSD BR's conventional systems remain the official source of record for registration, custody, and settlement, with the XRPL copy serving as a supplementary layer.

The companies plan to explore native issuance and trading of assets on XRPL after the mirroring phase has been validated, with Brazilian real-estate and agribusiness receivables identified as potential candidates.