XRP Ledger Tapped for Brazil's $4 Trillion Securities Market

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Users of the market infrastructure notice a new operating layer around selected BTG Pactual fund shares, because ownership records are now mirrored on the XRP Ledger while CSD BR still keeps the official books. Banks and corporate clients in the first phase are the ones directly exposed to the change in daily processing, since access is limited to approved participants. This is the kind of shift that becomes visible in back-office record handling rather than at the point of sale or trading screens. (per cryptonews.com.au)

In practice, the main difference is that a public blockchain now sits alongside CSD BR’s existing systems for audit, verification and settlement-related checks, instead of replacing them. What stays the same is that CSD BR’s systems remain the official record for registration, custody and settlement, so the legal source of ownership has not moved away from CSD BR. The use of the Multi-Purpose Token standard shows the project is operating within a specific XRPL setup rather than as an open-ended change to every asset record.

Nothing comparable yet.