CSD BR and Ripple have partnered to use blockchain technology in Brazil’s financial market infrastructure.
In the first phase, the XRP Ledger will be used to record and audit financial assets.
Ripple-CSD BR Deal
The project will initially focus on investment fund shares from BTG Pactual. Under the new model, selected financial assets will be tokenized and mirrored on the XRP Ledger. The assets will use the Multi-Purpose Token (MPT) standard. The blockchain will not replace CSD BR’s existing infrastructure but will provide an additional way to check and audit asset records.
Authorized participants will be able to verify records on the blockchain in near real time. The companies said this is expected to improve transparency and traceability. It could also support more automation and efficiency in financial market processes. The system will operate on a permissioned basis. Access will be limited to eligible corporate and banking clients in Brazil. Participants will also be subject to Know Your Customer (KYC) and anti-money laundering (AML) requirements.
CSD BR will retain control over the issuance and administration of the assets. It will also handle important governance functions, such as authorizing participants, freezing individual assets, and reversing transactions when regulators or courts require it.
Ripple’s custody infrastructure will work with the native capabilities of the XRP Ledger. The goal is to create an environment where tokenized financial assets can be handled while existing regulatory requirements remain in place.
Further expansion beyond the initial mirroring phase is also in the cards. The two companies plan to assess the use of blockchain for native asset issuance and trading between authorized participants. Future assets could include Real Estate Receivables Certificates, known as CRI, and Agribusiness Receivables Certificates, or CRA. Both are important parts of Brazil’s fixed-income market. Adding stronger confidentiality features is also part of the platform’s future development plans.
In a statement, Silvio Pegado, Managing Director of Ripple for Latin America, said,
“Moving beyond pilots and proofs of concept to a live record-keeping infrastructure in a national capital market is a major milestone for the industry. This partnership shows how distributed ledger technology can be safely incorporated into critical financial infrastructure in a regulated way.”
AI Push
Ripple has also been expanding its use of AI in corporate treasury operations through GSmart. As CryptoPotato reported earlier this month, the platform now covers forecasting, liquidity, risk, reconciliation, and reporting. Its approach keeps financial calculations separate from AI analysis. Deterministic engines handle the calculations, while AI reviews company policies, identifies patterns, and explains recommended actions.
The system does not execute those actions without human approval.
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