XRP Ledger Enters Brazil’s Fund System – With Limits

3 hours ago 2

Key Takeaways

CSD BR is testing XRPL with BTG Pactual fund shares.
Its existing systems remain the recognized fund record.
The first phase is limited to approved institutions.
No retail XRPL fund market has been announced.
Native issuance depends on results from the pilot.

Brazilian financial-market infrastructure provider CSD BR has begun adding XRP Ledger to its process for recording and auditing selected fund shares. The first phase covers investment funds managed by BTG Pactual, according to Ripple’s September 29 announcement.

In this first phase, XRPL acts as a parallel record. It reflects selected fund-share information, while CSD BR’s established recordkeeping and settlement systems continue to handle regulated registration, deposit and settlement.