CSD BR and Ripple launch blockchain recordkeeping

6.5 Banking

Sep 30, 2026

CSD BR and Ripple use the XRP Ledger to mirror investment fund records for BTG Pactual, adding a blockchain audit layer while maintaining CSD BR as the official record keeper.

CSD BR, a major player in Brazil’s financial infrastructure, has partnered with Ripple to integrate the XRP Ledger as an additional layer for recording and auditing investment fund shares. The initiative begins with funds managed by BTG Pactual, mirroring official records onto the public XRP Ledger while CSD BR remains the authoritative source for ownership, registration, deposit, and settlement of assets. This integration leverages the Multi-Purpose Token standard on the XRP Ledger, enabling authorized institutions to verify records in near real time. All regulatory controls, including KYC and anti-money laundering measures, are maintained throughout the process. The project is a live implementation within CSD BR’s regulated environment, covering over BRL 22 trillion in registered assets. Investor processes and legal responsibilities remain unchanged in this initial phase, with potential future expansions to other asset classes such as real estate and agribusiness debt securities.