Overview
- Ripple unveiled an institutional suite in Brazil that bundles cross-border payments, digital asset custody, prime brokerage and treasury tools, citing $100 billion processed across 60+ markets.
- The company said it plans to apply for a Virtual Asset Service Provider license with the Central Bank of Brazil under the country’s new crypto framework.
- Reported adoption includes Banco Genial for same-day U.S. dollar transfers, Braza Bank for FX flows and a real-backed stablecoin on the XRP Ledger, and Nomad for Brazil–U.S. stablecoin settlement.
- Ripple’s RLUSD stablecoin has grown past roughly $1.5 billion in market capitalization and is listed or supported by Mercado Bitcoin, Foxbit, Ripio, Banco Genial, Braza Bank and Attrus.
- Ripple Custody launched locally with Chainalysis and Elliptic monitoring, while partners CRX have settled close to $100 million on-chain and Justoken reports over $1.7 billion in tokenized assets.