Ripple and CSD BR partner to tokenize Brazilian investment fund shares on XRP Ledger, targeting Real Estate and Agribusiness Receivables expansion.
RWA & Tokenization ·
Ripple and CSD BR have partnered to deploy the XRP Ledger for recording and auditing financial assets in Brazil's market, beginning with tokenized investment fund shares from BTG Pactual using the Multi-Purpose Token standard. The permissioned system will provide near real-time verification capabilities for authorized corporate and banking clients while maintaining CSD BR's existing governance and regulatory controls, including KYC and AML requirements. Future expansion plans include native asset issuance and trading of Real Estate Receivables Certificates and Agribusiness Receivables Certificates, targeting Brazil's $22 trillion financial market infrastructure.