Brazilian financial market infrastructure operator CSD BR has partnered with Ripple to mirror BTG Pactual investment fund share records onto the XRP Ledger. The integration is designed specifically for verification and auditing purposes, while CSD BR’s existing systems remain the official record for asset registration, custody, and settlement. The assets have not been fully migrated on-chain, and the initiative does not reflect the entirety of CSD BR’s 22 trillion reais ($4 trillion) in registered assets. Both parties plan to evaluate the direct issuance and trading of assets on the XRPL as a potential next step in the collaboration.