Brazilian Depository With $4.2 Trillion in Assets Taps XRP Ledger to Mirror Fund Shares
By Unchained
AI summary of the source article
Brazilian central securities depository CSD BR has partnered with Ripple to mirror fund ownership records on the public XRP Ledger, beginning with BTG Pactual investment fund shares. CSD BR's proprietary systems will remain the official record for registration and settlement, while Ripple supplies the custody infrastructure for the permissioned system. Following the mirroring phase, the entities plan to explore native issuance and trading of fixed-income receivables.