CSD BR and Ripple enter strategic partnership to mirror financial asset ownership records on the XRP Ledger

TechFlow reports that on September 30, the Brazilian securities registration, custody, and settlement institution CSD BR announced a strategic partnership with Ripple. In the first phase of the collaboration, CSD BR will utilize the Multi-Purpose Token (MPT) standard on the XRP Ledger (XRPL) to tokenize investment fund shares of BTG Pactual and establish a mirrored ownership record.

CSD BR's existing system will continue to serve as the official record source for statutory registration, custody, and settlement, while XRPL will act as a supplementary layer for query and audit functions, allowing authorized participants to verify data consistency in near real-time within a regulated environment.