XRP news: XRP Ledger starts carrying Brazil fund records worth $4 trillion
Summary
Brazilian market operator CSD BR has begun mirroring ownership records for selected BTG Pactual investment funds on the public XRP Ledger. The ledger provides an always-visible copy for approved institutions to reconcile against CSD BR’s database, which remains the official record; assets are not being transferred on-chain. CSD BR controls token ownership and transfers, and can freeze or reverse transactions under its XRP Ledger token standard. The live project goes beyond test-only pilots. CSD BR and Ripple may later test issuing and trading assets directly on-chain, with real-estate and agribusiness receivables among potential candidates.
