Ripple and CSD BR Bring Brazilian Investment-Fund Shares On-Chain via the XRP Ledger
RWA Signal Insight
InfrastructureBrazilian securities infrastructure provider CSD BR has partnered with Ripple to integrate the XRP Ledger into its live financial market operations. The initiative uses the XRP Ledger to mirror records of BTG Pactual investment fund shares, serving as an additional audit layer for authorized participants. By utilizing the Multi-Purpose Token (MPT) standard, CSD BR aims to test blockchain performance within a regulated environment without replacing existing legal settlement frameworks. CSD BR, which manages over 22 trillion Brazilian reais in assets, retains control over official records, KYC/AML compliance, and transaction reversals. This project represents a shift from sandbox testing to real-world application, allowing for near real-time verification of asset ownership. Future phases may explore direct issuance and trading of assets like Real Estate Receivables Certificates (CRI) and Agribusiness Receivables Certificates (CRA). This integration highlights a strategic approach to modernizing national capital market infrastructure by layering blockchain transparency over traditional, regulated systems.
Key points
- CSD BR mirrors BTG Pactual fund shares on the XRP Ledger using MPT standards.
- Project tests blockchain integration within Brazil's 22 trillion BRL financial infrastructure.
- Ripple provides the blockchain layer while CSD BR maintains official legal records.
- Future expansion may include tokenizing Brazilian CRI and CRA fixed-income instruments.
Background
CSD BR is a central securities depository in Brazil responsible for the registration, custody, and settlement of financial assets. Ripple is a blockchain technology company that provides the XRP Ledger, a decentralized public blockchain designed for enterprise-grade financial services and cross-border transactions.