Brazil's CSD BR starts recording BTG Pactual fund ownership on XRP Ledger
- —CSD BR registers 22 trillion reais (~$4 trillion) in assets
- —Fund shares are tokenized using XRPL's Multi-Purpose Token standard
- —CSD BR's database stays the official record; XRPL is a second copy
- —Next step: issuing and trading assets directly on XRPL
Why it matters: A major regulated depository is putting live fund records on a public blockchain, a step toward tokenizing Brazil's fixed-income market.
Source: CoinDesk