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Ripple Brings Blockchain Tech to Brazil with XRP Ledger Partnership

Guavy AI Editorial Team
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XRP BTG
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Ripple has formed a partnership with CSD BR to mirror BTG Pactual fund shares on the XRP Ledger.

CSD BR will use Ripple's technology to tokenize and mirror the fund shares, which will be done using the Multi-Purpose Token standard on the XRP Ledger.

The project is designed to bring blockchain technology into Brazil's regulated financial market infrastructure, with a focus on transparent auditing and near real-time recordkeeping.

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