Brazil's CSD BR Partners with Ripple to Mirror Securities Records on XRP Ledger

Brazil's financial market infrastructure provider CSD BR has partnered with Ripple to mirror securities ownership records on the XRP Ledger, beginning with fund shares from BTG Pactual. The XRP Ledger will serve as a verification and audit layer using the Multi-Purpose Token (MPT) standard and Ripple Custody technology, while the official legal registry remains within CSD BR's existing systems. This pilot program, which manages assets worth approximately 4 trillion dollars, does not require investors to hold or use XRP tokens.