Ripple Brings XRP Ledger to Brazilian Investment Funds
Ripple has partnered with CSD BR to introduce the XRP Ledger into Brazil's regulated investment fund infrastructure. This move marks a significant step towards coexistence between traditional capital market infrastructure and blockchain technology.
The partnership will initially mirror ownership records for investment fund shares held through BTG Pactual, with CSD BR remaining the primary registrar and settlement authority. The use of XRP Ledger allows authorized institutions to review and compare records in a transparent manner.
Ripple's custodial services are among the other services offered in this arrangement, which is restricted to corporate and banking clients who meet certain KYC and anti-money laundering requirements. CSD BR maintains ownership control over tokenized records and can restrict or reverse transfers at the request of regulators or courts.