Brazil’s CSD BR partners with Ripple to mirror securities records on XRP Ledger

A licensed Central Securities Depository just put securities records on a public blockchain. Not a proof of concept, not a sandbox experiment, but an actual integration involving real fund shares from one of Latin America’s largest investment banks. CSD BR, which manages more than BRL 22 trillion in registered assets across Brazil’s financial markets, has partnered with Ripple to mirror securities ownership data on the XRP Ledger. The first phase of the project involves investment fund shares from BTG Pactual, one of Brazil’s most prominent financial institutions. How the mirroring actually works The key word here is “mirroring.” CSD BR isn’t handing over the keys to the blockchain and walking away. The depository remains the official source of record for all registrations and settlements, meaning investor rights and existing legal frameworks stay exactly where they are. No changes to investor processes. No new legal responsibilities triggered by the integration. The technical backbone relies on XRPL’s Multi-Purpose Token standard, a relatively newer capability on the XRP Ledger designed to handle a wider variety of asset types than its original token infrastructure allowed. Ripple...