DeFi· ★★★★· bullish·

Ripple Brings XRP Ledger to Brazil's BRL 22 Trillion Asset System

  • —CSD BR registers BRL 22 trillion in assets, with ownership verified via XRPL
  • —BTG Pactual fund shares are the first assets mirrored using the Multi-Purpose Token standard
  • —Participation is limited to KYC/AML-verified banks and corporates; CSD BR retains freeze and clawback powers
  • —Later phases could include native issuance and trading, with CRI and CRA under consideration
Why it matters: The first use of a public blockchain by a central securities depository signals institutional demand for XRPL infrastructure.
#XRP
Source: Bitcoin.com
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