Ripple ने लाइव विनيamित बाज़ार रोलआउट के तहत ब्राज़ीलियाई फंड रिकॉर्ड्स को XRP लेज़र पर पहुँचाया
Ripple और CSD BR ने पारदर्शिता और ऑडिटिंग के लिए BTG Pactual फंड शेयरों को एक विनियमित पूंजी बाजार ढांचा में लाते हुए XRP लेज़र पर ब्राज़ीलियाई म्यूचुअल फंड के लिए सुरक्षा टोकन लॉन्च किए हैं।
Ripple and CSD BR have launched security tokens for Brazilian mutual funds within a regulated framework. BTG Pactual mutual fund shares represent the initial asset class tokenized on the XRP blockchain, marking a transition from a private blockchain pilot toward integration with traditional capital market infrastructure.
Under this initiative, CSD BR continues to act as the primary registration and settlement authority. Meanwhile, the XRP Ledger offers a transparent, secondary record that authorized institutions can examine and cross-reference against CSD BR’s data within a regulated environment.
The database managed by the company holds assets valued at over BRL 22 trillion, though this figure does not imply that assets worth more than BRL 22 trillion are currently being tokenized on the XRPL.
BTG Pactual fund shares managed by CSD BR are tokenized utilizing the Multi-Purpose Token standard. By recording off-chain ownership details on-chain, authorized participants gain access to near-real-time asset data without interrupting established investor and issuer workflows. Ripple’s custodial offerings are also included among the services provided in this collaboration.
Tokenized records are accessible exclusively to corporate and banking clients in Brazil who satisfy specific know-your-customer (KYC) and anti-money laundering regulations. CSD BR retains ownership oversight of the tokenized data, and the tokenization mechanism allows for the restriction or reversal of specific asset transfers if requested by regulators or judicial authorities.
The decision to begin with mirrored data demonstrates that CSD BR is not fully relinquishing asset ownership to the XRP Ledger. CSD BR maintains official primary records on its proprietary systems, while the XRP Ledger functions as an additional utility for auditing and verification.
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This approach permits the adoption of blockchain technology while leaving current official records and trading operations uninterrupted.
Should the initial phase achieve its goals, Ripple and CSD BR intend to investigate blockchain-based issuer services alongside traditional paper-based methods.
Potential Brazilian fixed-income securities under consideration for future issuance include Real Estate Receivables Certificates (CRIs) and Agribusiness Receivables Certificates (CRAs), though a launch schedule has not been established.
Subsequent phases may incorporate transactions involving additional accredited institutions and extra privacy features, though the project team has not yet specified which privacy technology will be implemented. Current efforts remain centered on validating the precision and performance of the mirrored mutual fund share information.
The Central Bank of Brazil officially recognizes CSD BR as a financial market infrastructure permitted to deliver securities settlement, centralized depository, and registration services.
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The integration of the XRPL enables it to function alongside regulated service providers, with CSD BR preserving ownership records. There are currently no plans for international expansion, and broader XRPL implementation across other regulated markets may happen at a later date.
