Brazil's CSD BR partners with Ripple to tokenize fund shares on XRP Ledger

The Central Securities Depository of Brazil (CSD BR) has partnered with Ripple to integrate the XRP Ledger (XRPL) into the nation’s regulated capital markets. In the initial phase of this collaboration, the project focuses on mirroring ownership records of investment fund shares managed by BTG Pactual.

Rather than replacing existing infrastructure, the XRP Ledger will serve as a complementary, permissioned layer for real-time verification, auditing, and transparency. CSD BR will remain the official legal source of record for registration, custody, and settlement of the assets. The tokenization process utilizes the Multi-Purpose Token (MPT) standard on the XRPL to create digital representations of selected fund shares.

This initiative marks a transition from blockchain experimentation to live application within a regulated environment. The project aims to evaluate improvements in transparency, traceability, and settlement efficiency under real operating conditions. If successful, the partnership intends to expand the use of blockchain technology to include native asset issuance and trading among authorized participants, with potential expansion into international markets.