TREE NEWS update: Ripple and Brazilian central securities depository CSD BR are partnering to mirror the records of a BTG fund on the XRP Ledger, the companies said, describing a live-transaction phase. CSD BR will retain the official records for registration, deposit and settlement.
Ripple and CSD BR to Mirror Brazil’s BTG Fund Records on XRP Ledger
Related Coin Charts
AI take
The notable point is the division of labour: a central securities depository keeps the authoritative record while a public ledger carries a mirror, which is a more conservative posture than most tokenisation pilots and may be what regulators accept. It matters because CSD involvement signals infrastructure-level interest in Brazil, not a one-off issuer experiment. Whether the live-transaction phase scales beyond a single BTG fund, and whether mirrored records gain any legal weight, is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
17m ago
Texas Brothers Sentenced to 15 Years for Armed Crypto Robbery and Kidnapping
2h ago
Chainalysis Reports Cybersecurity Incident, Brings In Outside Experts
2h ago
Aave Halts New tBTC Deposits and Borrowing After Threshold Maintenance Update
2h ago
Crypto Exchanges Tighten Security After $6.3B Binance Theft
2h ago
Binance in Talks for Malaysia License After Five-Year Absence
3h ago
Ethereum Draft EIP Proposes Permanent Opt-Out of EIP-7702 Delegation