Ripple Powers XRP Ledger-Based Asset Tokenization in Brazil

CSD BR and Ripple are collaborating to introduce XRP Ledger-based asset tokenization in Brazil. The first phase involves mirroring financial asset records using the public blockchain, starting with BTG Pactual investment fund shares.

The initiative combines CSD BR's regulated infrastructure as a registrar, central securities depository, and settlement system with Ripple's XRP Ledger technology. While CSD BR remains the official source of record, authorized participants will use the blockchain for transparent verification in real-time.

CSD BR has more than BRL 22 trillion in registered assets and operates infrastructure capable of processing millions of transactions within minutes. The alliance aims to evaluate potential improvements in transparency, traceability, automation, and efficiency while operating within the current governance framework.