A Ripple announced on Tuesday (29) a partnership with CSD BR, a Brazilian company authorized by the Bacen, CVM and SUSEP, to tokenize shares of the BTG Pactual fund on the XRP.
The text states that, in the first phase, XRP will be used as an additional layer for recording and auditing financial assets. In other words, CSD BR’s systems will continue to be the official source of data at this initial stage.
After this validation phase, the partnership aims to gradually expand the use of blockchain technology, including for issuing assets and trading among authorized participants.
Ripple talks about the Brazilian market of R$ 22 trillion
The text states that, in the first phase, XRP will be used as an additional layer for recording and auditing financial assets. In other words, CSD BR’s systems will continue to be the official source of data at this initial stage.
After this validation phase, the partnership aims to gradually expand the use of blockchain technology, including for issuing assets and trading among authorized participants.
Ripple talks about the Brazilian market of R$ 22 trillion
