CSD BR Integrates XRP Ledger into Brazil's Securities Infrastructure

CSD BR has begun integrating the XRP Ledger into Brazil's regulated securities infrastructure. In the initial phase, the XRP Ledger will be used as an additional record-keeping and auditing layer for investment fund shares held by CSD BR. The first assets will be fund shares belonging to BTG Pactual. CSD BR is an institution that provides asset registration, central custody, and securities transaction services, and it is authorized by the Central Bank of Brazil. Ripple executive Luke Judges noted that this integration represents the first large-scale public integration of the XRP Ledger. The size of Brazil's economy and the total value of assets under CSD BR exceeding 22 trillion Brazilian reais indicate that the project is not merely a trial. Judges emphasized that the XRP Ledger was chosen due to its design for financial use cases. Additionally, the XRP Ledger is positioned as the only blockchain solution within the existing technology stack. This integration will serve as an additional verification and recording layer in Brazil's capital markets.

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