Scanned to Ledger Insights: Brazil’s central securities depository CSD BR has partnered with Ripple to mirror the registration of fund shares from BTG Pactual onto the public blockchain XRP Ledger—both sides say they’ve moved from testing to production.
Legal ownership still rests with the CSD BR official registry. On-chain tokens are mirrored in near real time in line with the Multi-Purpose Token standard, making it easier for approved banks and counterparties to verify and reconcile; the company says the method for participating hasn’t changed the legal responsibilities, so there’s no need to obtain new licenses. This is different from the pace of the tokenization pilot at Brazil’s CVM, where they’re still using simulated trading.
Key market infrastructure starts with “mirrored bookkeeping,” which is indeed more stable than immediately letting shares circulate on a public chain.
$XRP #XRPL #RWA #tokenization
Legal ownership still rests with the CSD BR official registry. On-chain tokens are mirrored in near real time in line with the Multi-Purpose Token standard, making it easier for approved banks and counterparties to verify and reconcile; the company says the method for participating hasn’t changed the legal responsibilities, so there’s no need to obtain new licenses. This is different from the pace of the tokenization pilot at Brazil’s CVM, where they’re still using simulated trading.
Key market infrastructure starts with “mirrored bookkeeping,” which is indeed more stable than immediately letting shares circulate on a public chain.
$XRP #XRPL #RWA #tokenization
