Ripple and CSD BR Partner to Mirror Brazil's BTG Fund Records on XRP Ledger
Ripple and CSD BR announced a partnership to mirror records for BTG Fund holdings on the XRP Ledger. The firms say they have moved into a live-transaction phase while CSD BR will continue to hold the authoritative records for registration, deposit and settlement.
Why It Matters
This collaboration is a practical step in testing distributed ledger technology for fund recordkeeping in Brazil, showing how a blockchain record can run alongside existing central securities depository (CSD) infrastructure without replacing official custody and settlement functions.
Key Facts
- Parties involved: Ripple and CSD BR
- Asset / client referenced: BTG Fund (Brazil)
- Ledger used: XRP Ledger
- Project status: Live-transaction phase
- Official recordkeeping: CSD BR retains authoritative records for registration, deposit and settlement
Ripple and Brazil's central securities depository partner CSD BR have begun mirroring records for a BTG-managed fund on the XRP Ledger. According to the companies, the initiative has entered a live-transaction phase in which transactions are being processed onchain while the distributed ledger maintains a mirrored record.
Despite the onchain activity, CSD BR will remain the official registry and continue to manage registration, deposit and settlement responsibilities. The firms framed the effort as a complementary use of blockchain technology rather than a replacement of traditional custody and settlement infrastructure.
The deployment represents a practical experiment in tokenized recordkeeping for a Brazilian fund, demonstrating how a commercial depository and a blockchain network can operate in parallel. By keeping the CSD as the authoritative source for legal and regulatory processes, the project preserves existing settlement and compliance workflows while testing ledger-based record redundancy and transparency.
Ripple and CSD BR did not, in the provided text, disclose additional operational details such as transaction volumes, timeline for broader rollout, or whether other funds or custodians will be included in subsequent phases.
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