Ripple Powers Live Blockchain Tokenization in Brazil with CSD BR

Ripple and Brazilian financial infrastructure firm CSD BR have launched an XRPL-based system in a live market environment. The new system mirrors institutional fund ownership records, with BTG Pactual's investment fund shares tokenized on XRPL as part of phase one.

Only KYC- and AML-approved institutional clients can participate in the system, which does not yet tokenize CSD BR's approximately BRL 22 trillion (~$4 trillion) in registered assets. However, this represents a notable step towards institutional crypto adoption and infrastructure upgrade.

The regulatory-backed blockchain tokenization initiative is limited to selected BTG Pactual fund shares, but it marks an important milestone for Ripple and XRPL in the financial sector.