CSD BR starts mirroring fund records on XRP Ledger
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- CSD BR has begun mirroring investment fund records on the XRP Ledger.
- The first assets involve BTG Pactual fund shares and more than BRL 22 trillion in registered assets.
- The partnership could expand into token issuance and trading after the initial phase.
CSD BR has begun mirroring Banco BTG Pactual (B3:BPAC11) fund shares on the XRP Ledger.
The blockchain will provide an additional audit layer while CSD BR remains the official recordkeeper.
“In this phase, current processes remain unchanged for investors, issuers and participants,” according to Daniel Polano Spreafico, Head of Products and Clients at CSD BR.
CSD BR holds more than BRL 22 trillion in registered assets and processes millions of transactions within minutes.
The shares will use the Multi-Purpose Token standard, allowing authorised participants to verify records in near real time.
The system combines Ripple’s custody infrastructure with XRP Ledger capabilities inside a permissioned Brazilian environment.
Future phases could add native issuance and trading, including real estate and agribusiness receivables.
Following the update, XRP was trading up 0.6% at $1.50.
