Brazil’s central securities depository CSD BR, which manages over BRL 22 trillion in registered assets across the country’s financial markets, has partnered with Ripple to mirror securities ownership data on the XRP Ledger. The first phase involves investment fund shares from BTG Pactual, Latin America’s largest standalone investment bank. This integration marks the first use of a public blockchain by traditional finance infrastructure in Brazil, requiring no new regulatory approvals. Future phases could include native asset issuance directly on the XRP Ledger and peer-to-peer trading.
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