Brazil's CSD BR Moves Fund Records to XRP Ledger in Live Tokenization Push
- —CSD BR manages over BRL 22 trillion in registered assets
- —Selected BTG Pactual fund shares are mapped on XRPL via the MPT standard
- —The blockchain record is an audit layer, not a replacement for CSD BR's database
- —Access is permissioned and limited to KYC/AML-compliant corporate and banking clients
Why it matters: It marks the first use of blockchain in a live financial-market infrastructure in Brazil, strengthening XRPL's position in tokenization.
Source: CryptoNinjas