Ripple has just closed a strategic alliance with CSD BR (the Central Securities Depository of Brazil)
Its goal is to integrate XRP Ledger technology into that country’s regulated financial market infrastructure.
Key association details:
Market scope: The alliance targets the market for investment fund quotas and financial assets in Brazil, a sector that manages more than 22 trillion reais.
First operational phase: The $XRP Ledger will be used to reflect, record, and audit in real time the ownership of investment fund shares.
Regulatory framework: The project has formal authorization from the Central Bank of Brazil and the CVM (Securities and Exchange Commission).
Expansion to RWA: CSD BR plans to extend the use of the XRPL in later phases to register real estate credit certificates (CRI) and agribusiness receivables (CRA), key pieces of Brazilian fixed-income securities.
Why is this relevant on the adoption map?
This milestone represents the step from pilot tests to production infrastructure within a regulated sovereign capital markets environment. Brazil adds this integration to Ripple’s previous track record in the country, establishing itself as one of the most advanced financial laboratories for deploying DLT technology.
Its goal is to integrate XRP Ledger technology into that country’s regulated financial market infrastructure.
Key association details:
Market scope: The alliance targets the market for investment fund quotas and financial assets in Brazil, a sector that manages more than 22 trillion reais.
First operational phase: The $XRP Ledger will be used to reflect, record, and audit in real time the ownership of investment fund shares.
Regulatory framework: The project has formal authorization from the Central Bank of Brazil and the CVM (Securities and Exchange Commission).
Expansion to RWA: CSD BR plans to extend the use of the XRPL in later phases to register real estate credit certificates (CRI) and agribusiness receivables (CRA), key pieces of Brazilian fixed-income securities.
Why is this relevant on the adoption map?
This milestone represents the step from pilot tests to production infrastructure within a regulated sovereign capital markets environment. Brazil adds this integration to Ripple’s previous track record in the country, establishing itself as one of the most advanced financial laboratories for deploying DLT technology.
