- Ripple expanded payments in Brazil with banks using its network for cross-border and FX transactions.
- The company launched custody and tokenization services, supporting billions in on-chain asset issuance.
- Ripple plans a VASP license as RLUSD adoption grows across Brazilian exchanges and institutions.
Ripple announced a major expansion in Brazil, extending its blockchain services across payments, custody, and treasury operations. The company confirmed new partnerships and product rollouts in the country. It also plans to apply for a Virtual Asset Service Provider license with Brazil’s central bank, aligning with new regulatory rules.
Payments Network Scales Across Brazil
Ripple said its payments network has processed more than $100 billion globally across over 60 markets. In Brazil, several institutions now use the platform for cross-border transactions. Banco Genial uses Ripple to support same-day U.S. dollar disbursements.
Meanwhile, Braza Bank has integrated the system for foreign exchange payments. Braza Bank also issued a BRL-pegged stablecoin on the XRP Ledger. In addition, Nomad uses Ripple to manage treasury flows between Brazil and the United States.
Azify converts stablecoins into currencies including USD, EUR, CNY, and SGD. Similarly, Attrus uses the platform for cross-border settlements and crypto transactions. Frente Corretora also consolidated payment operations using Ripple’s system. These integrations show broader usage across financial institutions in the country.
Custody And Tokenization Infrastructure Expands
Ripple also introduced its custody services in Brazil through partnerships with local firms. The service offers compliance controls and asset security for institutions. CRX uses Ripple Custody to issue tokenized assets, with nearly $100 million already settled on-chain.
At the same time, Justoken plans to expand tokenization infrastructure. Justoken has already tokenized over $1.7 billion in assets on the XRP Ledger. It will now use Ripple’s custody system for institutional operations.
The platform integrates transaction monitoring tools and supports staking across proof-of-stake networks. These features aim to streamline asset management within one system.
RLUSD Adoption And Treasury Services Grow
Ripple confirmed that its RLUSD stablecoin has surpassed a $1.5 billion market capitalization. In Brazil, exchanges such as Mercado Bitcoin, Foxbit, and Ripio support the token.
Braza Bank, Banco Genial, and Attrus have also integrated RLUSD into their systems. This expands access to regulated digital dollar infrastructure. Additionally, Ripple introduced its treasury and prime brokerage services in the region.
These include liquidity management, financing, and clearing services. Ripple Prime, developed after acquiring Hidden Road, processes over $3 trillion annually. Meanwhile, Ripple Treasury supports real-time liquidity and cross-border payments.
