Senior Trading and Markets Analyst

Ripple brings XRP Ledger to Brazil's BRL 22 trillion asset system. Brazil's financial infrastructure is moving asset tokenization into live operations through a partnership between Ripple and CSD BR. The project will test whether blockchain improves transparency, traceability, automation, and efficiency within an existing regulated market framework. Key takeaways. * CSD BR has more than BRL 22 trillion in total registered assets. * BTG Pactual fund shares will be mirrored on the public XRP Ledger. * Later phases could include native issuance and authorized trading. XRP Ledger enters Brazil's regulated asset infrastructure. Investment fund ownership records in Brazil will gain a blockchain layer for verification under a partnership announced Sept. 29 by CSD BR, an operator that registers financial instruments, safeguards ownership records, and settles transactions, and Ripple. The initial phase covers investment fund shares from Brazilian investment bank BTG Pactual. Ripple provides blockchain infrastructure for financial institutions, while the XRP Ledger (XRPL) is the public blockchain supporting the initiative. CSD BR has more than BRL 22 trillion in registered assets, according to the companies. The fund share mirroring project begins with assets deposited at the operator, whose systems will remain the official ownership record. The announcement describes it as the first use of a public blockchain by a central securities depository to mirror securities ownership records. Daniel Polano Spreafico, CSD BR's head of products and clients, said: "We chose to start with record mirroring because it is the safest and most responsible way to introduce a new technology into critical market infrastructure." Current processes for investors, issuers, and other participants will continue during this phase. The operator is authorized by the Central Bank of Brazil to register financial instruments, safeguard ownership records, and settle transactions by completing transfers between parties. Brazil's securities regulator, the Brazilian Securities and Exchange Commission (CVM), also authorizes its registration and depository services. According to the announcement, its infrastructure can process millions of transactions within minutes. How fund tokens preserve institutional controls. BTG Pactual fund shares will be tokenized using the XRP Ledger's Multi-Purpose Token standard, which provides configurable rules for financial assets. Multi-Purpose Tokens can restrict holdings to approved users and support freezing or recovering tokens from holders. Ripple's custody infrastructure, which secures and manages digital holdings, will combine with these native blockchain capabilities. Participation will be restricted to corporate and banking institutions in Brazil that undergo identity verification and anti-money laundering procedures. CSD BR will control issuance and administration, including participant authorization and the ability to freeze individual assets. It will also retain clawback functionality to recover tokens when a regulatory or judicial order requires it. Representing conventional financial claims through blockchain tokens is the basis of tokenized real-world assets. Fund interests, bonds, and other instruments can carry rights defined by their governing legal documents. The companies describe CSD BR's model as operating within the current regulatory framework without altering participants' legal responsibilities or requiring new approvals. The partnership builds on a broader institutional offering introduced through Ripple's expansion in Brazil, announced in March. That offering encompasses payments, custody, stablecoins, prime brokerage services for institutional trading and financing, and treasury management tools for overseeing cash and liquidity. Authorized participants in the new project will also be able to check the consistency of mirrored records in near real time. Brazil project could extend to property and agriculture debt. Related activity in Brazil includes VERT, a firm that packages financial claims into securities and manages investment funds. Its XRPL private credit platform began operating in July 2025 with a BRL 700 million agribusiness receivables certificate. That system records operational events through the financing lifecycle. The broader institutional push also encompasses digital asset platform Mercado Bitcoin and its plans to tokenize more than $200 million, announced in 2025. Those plans cover fixed-income and equity-income instruments with restricted access. The CSD BR initiative starts with investment fund holdings before considering other categories of securities. Successful validation of the mirroring phase could lead to native issuance, meaning the creation of instruments directly on the blockchain, and trading among approved participants. Instruments under consideration include real estate receivables certificates, known as CRI, and agribusiness receivables certificates, or CRA. Both are Brazilian fixed-income securities backed by receivables associated with their respective sectors. BTG Pactual's partner responsible for market infrastructure, Luis Furtado, described its participation as a way to apply blockchain to the fund market through regulated infrastructure and live transactions. CSD BR's roadmap also envisions advanced confidentiality mechanisms to meet financial market privacy requirements, with potential expansion into further asset classes, additional participants, and international markets. 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Absa, a South African bank, is launching digital asset custody services for corporate and investment banking clients using Ripple's custody infrastructure. The bank says it will be the first in Africa to offer such services to this client segment. The global digital asset custody market exceeded $683 billion in 2024 and is projected to reach at least $4.3 trillion by 2033, according to Grand View Research cited by Absa. The bank will use Ripple's infrastructure to manage private keys controlling clients' digital assets. The partnership, originally announced in October 2025, marks Ripple's expansion beyond cross-border payments into institutional custody services. However, neither Absa nor Ripple has stated that XRP is required for the service. Ripple Custody supports assets across multiple blockchain networks, including cryptocurrencies and tokenised securities. The announcement does not indicate that customer assets will be held on the XRP Ledger.

XRP price prediction for today (september 24). The XRP price is down 5.96% to $1.50 in 24 hours, underperforming the broader crypto market as traders take profits after the token climbed to a seven-month high near $1.65. The decline comes after XRPUSD broke higher on rising volume and moved above key daily moving averages, with the $1.36-$1.37 area now acting as an important support zone. The daily RSI remains in the upper 60s, close to overbought territory, showing that buyers had pushed the move hard before the latest decline. With whale accumulation, new XRPL developments and fresh regulatory-market-structure news in the mix, here's where the XRP price could go today. What you'll learn News that could push XRP price tomorrow. Whales have bought 1.54 billion XRP worth about $2.2 billion in 96 hours, creating a major test for the market around the $1.60 area. The key question is whether this buying can absorb the supply from traders taking profits after XRP reached around $1.65. If large buyers continue accumulating near $1.50-$1.60, the XRP price could have a stronger base for another attempt at the recent high. The CFTC has also announced that it is using existing statutory authority to establish a crypto asset regulatory market structure. XRP already has established regulatory clarity in the United States, so the development could reduce one source of uncertainty around the asset as the broader US crypto market structure develops. Ripple also has a connection to discussions around the future of the global financial system. Ripple executives participated in Reinventing Bretton Woods events in 2019 and 2022, and the IMF has now held a "Bretton Woods to the Digital Age" conference covering digital money, crypto and future payments. These events do not directly create XRP demand, but they provide additional context for Ripple's focus on cross-border payments and financial infrastructure. The XRP Ledger has also recorded several important developments. XRPL's burn rate increased 84.3%, with 771.7 XRP destroyed through transaction fees, although the amount is too small to create a meaningful supply reduction. XLS-65 and XLS-66 have entered validator voting and need more than 80% support for two consecutive weeks, potentially bringing pooled vaults and fixed-term lending to XRPL. Ripple has also launched an AI-assisted security program with continuous vulnerability testing, including fixes to bugs found in the proposed XLS-68 amendment. What is the XRP chart saying? CaptainAltcoin, Inc. had a look at the XRP chart, and the immediate picture is mixed after the token failed to hold the move above $1.60. Ripple's XRP price climbed from around $1.25 to roughly $1.65, but the latest candles show sellers taking control near the top of that range. The orange level around $1.55 is now an important resistance area, with XRP trading below it at about $1.50. The 4-hour RSI is at 51.30, down from the higher readings reached during the rally, putting the indicator back near neutral territory. The Ultimate Oscillator is also at 46.28, which does not show an extreme reading. This gives buyers room to recover without the 4-hour indicators being deeply overbought, but XRP still needs to reclaim $1.55 before the chart becomes more constructive. The main support zone is around $1.36-$1.37, where the longer-term moving average identified in the setup now sits. If Ripple's XRP price holds well above this area, the broader recovery structure remains intact. A break below it would put the $1.25-$1.30 region back into focus. Where will XRP price go today? The bullish path would see XRP reclaim $1.55, followed by a retest of $1.60-$1.65. Strong whale accumulation and continued XRPL developments could help buyers defend the recovery. The base path places the XRP price between $1.45 and $1.55, as traders digest the 5.96% daily decline and the move from $1.65. A close around this range would keep the market in consolidation mode. The bearish path opens if Ripple's XRP loses $1.45, with the price potentially moving toward $1.36-$1.37. That level is the key support to watch, and a break below it could expose XRP to the $1.25-$1.30 zone Frequently asked questions. What is the XRP price prediction Why is XRP price falling What is happening with the XRP Ledger