Brazil’s CSD BR Partners With Ripple to Mirror Securities Records on XRP Ledger

Brazil’s Central Securities Depository (CSD BR) has partnered with Ripple to mirror securities ownership data on the XRP Ledger. The project, which manages over 22 trillion Brazilian reais in assets, begins by mirroring investment fund shares from BTG Pactual. The integration utilizes the XRPL Multi-Purpose Token standard and Ripple Custody to maintain institutional-grade security. CSD BR remains the official source of record, ensuring that existing legal frameworks and investor processes remain unchanged under the supervision of the CVM and the Central Bank of Brazil.