Deep Tide TechFlow message: On September 30, Brazil’s Securities Depository, Clearing and Settlement System Institution, CSD BR, announced a strategic partnership with Ripple. In the first phase of the collaboration, CSD BR will use the XRP Ledger (XRPL) Multi-Purpose Token (MPT) standard to tokenize investment fund units under BTG Pactual and create mirrored ownership records.
CSD BR’s existing systems will continue to serve as the official source of record for legal registration, custody, and settlement, while XRPL will act as a supplementary layer for querying and auditing. This will enable authorized participants to verify data consistency in near real time within a regulated environment.
CSD BR’s existing systems will continue to serve as the official source of record for legal registration, custody, and settlement, while XRPL will act as a supplementary layer for querying and auditing. This will enable authorized participants to verify data consistency in near real time within a regulated environment.