Brazil's CSD BR Integrates XRP Ledger for Fund Asset Tracking

CSD BR, the regulated operator for Brazil's financial market registration and settlement, has begun mirroring ownership records of BTG Pactual investment funds onto the XRP Ledger. While the official records remain in CSD BR's legacy database, the blockchain integration allows authorized institutions to verify ownership in real-time, reducing the need for manual reconciliation. The project uses the XRP Ledger's multi-purpose token standard, allowing CSD BR to maintain regulatory control, including asset freezing and identity verification. Future plans include testing direct asset issuance on the ledger for products such as real estate and agricultural receivables.