Brazil’s BRL 22T CSD BR Moves Fund Records to XRP Ledger in Live Tokenization Push

Ripple and CSD BR are focusing on ushering blockchain tokenization into the financial market by making financial-market records available in real time. The first phase involves investment funds for the BTG Pactual shares and the existing systems in CSD BR are the official platform for registration, deposit, settlement. The XRP Ledger will be an extra layer for a financial-market infrastructure provider in Brazil, CSD BR, to register and audit financial assets. The company has an asset balance of over BRL 22 trillion, and can carry out millions of transactions in minutes.