🚨 Major milestone for blockchain adoption.
Brazil’s central securities depository, CSD BR, has partnered with Ripple to mirror securities records on the XRP Ledger (XRPL). The pilot starts with BTG Pactual investment fund units using XRPL’s Multi-Purpose Token (MPT) standard.
Importantly, CSD BR’s existing systems remain the official legal record, while $XRP L acts as an additional audit and recordkeeping layer. Investor processes and regulatory responsibilities stay unchanged.
With more than BRL 22 trillion (~$4 trillion) in registered assets, this is one of the largest real-world financial infrastructure integrations involving XRPL. Future phases could include native issuance and trading of assets among authorized participants, potentially extending to fixed-income products such as CRI and CRA.
A development worth watching as traditional finance continues exploring blockchain-based infrastructure.
Brazil’s central securities depository, CSD BR, has partnered with Ripple to mirror securities records on the XRP Ledger (XRPL). The pilot starts with BTG Pactual investment fund units using XRPL’s Multi-Purpose Token (MPT) standard.
Importantly, CSD BR’s existing systems remain the official legal record, while $XRP L acts as an additional audit and recordkeeping layer. Investor processes and regulatory responsibilities stay unchanged.
With more than BRL 22 trillion (~$4 trillion) in registered assets, this is one of the largest real-world financial infrastructure integrations involving XRPL. Future phases could include native issuance and trading of assets among authorized participants, potentially extending to fixed-income products such as CRI and CRA.
A development worth watching as traditional finance continues exploring blockchain-based infrastructure.
