XRP Ledger starts carrying fund records from Brazil operator overseeing $4 trillion
SummaryCSD BR is recording ownership of selected BTG Pactual investment funds on the public XRP Ledger, while its database remains the official record for registration, custody and settlement.The blockchain copy is intended to let approved institutions verify ownership changes in real time, reducing the slow and costly reconciliation process while preserving identity checks and regulatory controls.After testing the system with live fund records, CSD BR and Ripple plan to explore issuing and trading assets directly on the ledger, potentially including real-estate and agribusiness receivables. A Brazilian financial-market operator responsible for more than 22 trillion reais of registered assets, roughly $4 trillion, has begun putting records for investment funds run by BTG Pactual, Latin Americas largest investment bank, onto the XRP Ledger. CSD BR, which operates regulated registration, securities-depository and settlement systems in Brazil, will use the public blockchain as a second record of who owns shares in selected BTG Pactual investment funds, per a release shared with CoinDesk. A depository keeps the official list of who owns which securities. When an investor buys into a fund, the depository updates its records, while the banks acting for investors keep books of their own and regularly check them against the depositorys to make sure the









