Ripple UDAX, Levery, and Fundação Getulio Vargas (FGV) have partnered to enhance institutional on-chain liquidity in Brazil and Latin America. This collaboration aims to build regulated, blockchain-powered financial infrastructure for traditional banks in the region. Levery provides the infrastructure for banks to launch digital asset exchanges using automated market maker (AMM) technology, ensuring compliance and operational transparency.
The initiative leverages the XRP Ledger for deep liquidity provisioning, enabling real-time settlement across Ripple USD, local stablecoins, and tokenized assets. This setup enhances capital efficiency and reduces market friction. The infrastructure integrates Chainalysis for compliance, supporting institutional-grade adoption. Brazil's role as a hub for digital asset innovation is underscored by this development, aligning with Ripple's broader expansion strategy, including a planned VASP license application in Brazil.
Ripple UDAX, Levery, and FGV Collaborate to Boost On-Chain Liquidity in Brazil
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