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Brazilian financial market infrastructure provider CSD BR has integrated XRP Ledger into its regulated securities infrastructure, tapping into a $4 trillion market.
CSD BR has integrated the XRP Ledger into its securities infrastructure, authorized by major financial regulators including the Central Bank of Brazil. This Ripple-led initiative will initially use the XRP Ledger as an additional record-keeping and audit layer for investment fund shares, with the first assets coming from Brazilian banking giant BTG Pactual. Ripple executive Luke Judges stated that this is the first public integration of the XRP Ledger into a core financial market infrastructure of this scale, and it is currently the only blockchain in CSD BR's technology stack, which registers assets valued at over 22 trillion Brazilian Reais (approximately $4 trillion).
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