CSD BR partners with Ripple to mirror securities records on XRP Ledger

CSD BR: CSD BR is a Brazilian financial market infrastructure provider authorized to operate as a registrar, central securities depository, and settlement system. It maintains the official records for asset registration, deposit, and settlement in the country's capital markets. In this news, CSD BR is leading the partnership with Ripple to mirror securities ownership records on the XRP Ledger as an additional layer for recording and auditing, starting with BTG Pactual fund shares while keeping its systems as the primary source of truth. Ripple: Ripple is a provider of blockchain solutions for traditional and digital finance, with a focus on infrastructure including the XRP Ledger for payments, tokenization, and asset management. It has positioned Brazil as a key market for expanding blockchain adoption in regulated environments. In this news, Ripple is collaborating with CSD BR to enable the first integration of the XRP Ledger into a national central securities depository's core infrastructure for mirroring securities records. BTG Pactual: BTG Pactual is one of Brazil's largest banking groups and investment banks, offering a range of financial services including asset management. It participates in market infrastructure initiatives to advance technology adoption. In this news, BTG Pactual is contributing investment fund shares deposited at CSD BR for the initial phase of mirroring records on the XRP Ledger, helping test blockchain in a live regulated setting. Regulatory Approach: The initiative operates within Brazil's existing regulatory framework without requiring new approvals or altering legal responsibilities for participants. Tokenization Progress: The partnership advances asset tokenization in Brazil from testing to live operations, with plans to explore native issuance and trading of assets like real estate and agribusiness receivables in future phases. Blockchain Integration: CSD BR is using the XRP Ledger as a complementary layer for securities records while its own systems remain the official source, marking the first such public blockchain use by a central securities depository in a regulated environment.