Bitcoin.com reported that Ripple (XRP) is collaborating with Brazil's central depository CSD BR to advance a project for tokenizing investment fund shares using the XRP Ledger (XRPL). CSD BR currently has over 22 trillion Brazilian Reals (5,730 trillion Korean Won) in registered assets, and the initial phase will target fund shares of the Brazilian investment bank BTG Pactual. This project will proceed by mirroring existing financial asset ownership records on the XRPL, and the XRPL's Multi-Purpose Token (MPT) standard will be utilized for fund share tokenization.
