Ripple Partners with CSD BR to Enhance Brazil’s Financial Infrastructure

Ripple has partnered with CSD BR to integrate blockchain technology into Brazil’s financial market infrastructure. The project will utilize the XRP Ledger to record and audit tokenized financial assets, starting with investment fund shares from BTG Pactual. The system, which operates on a permissioned basis for eligible corporate and banking clients, will use the Multi-Purpose Token (MPT) standard. While not replacing existing infrastructure, the blockchain will provide near-real-time verification and audit capabilities. CSD BR will maintain control over asset issuance, governance, and compliance, including KYC and AML requirements, with plans to expand into native asset issuance and trading for instruments like CRI and CRA in the future.