BTG Pactual funds to use Ripple and CSD BR blockchain

Market infrastructure provider CSD BR and Ripple announced a partnership on Thursday to bring blockchain technology to traditional financial assets. In its initial phase, the initiative will tokenize investment fund shares from BTG Pactual that are deposited at CSD BR.

The fund shares will be mirrored on the XRP Ledger using the Multi-Purpose Token (MPT) standard. Official registration will remain inside CSD BR's central systems, while the decentralized network will serve as a complementary layer for real-time consultation and auditing by authorized participants.

According to Sílvio Pegado, Managing Director of Ripple for Latin America, the project represents the first real-world production deployment moving beyond regulatory sandbox testing to run on blockchain. Daniel Polano, Product and Client Director at CSD BR, noted that the structure complies fully with existing financial regulations.

The setup operates as a permissioned environment restricted to corporate and banking clients in Brazil that undergo Know Your Customer (KYC) and anti-money laundering (AML) checks. CSD BR currently holds more than BRL 22 trillion in registered assets.