XRP Ledger starts carrying fund records from Brazil operator overseeing $4 trillion

XRP Ledger starts carrying fund records from Brazil operator overseeing $4 trillion

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

A Brazilian financial-market operator responsible for more than 22 trillion reais of registered assets, roughly $4 trillion, has begun putting records for investment funds run by BTG Pactual, Latin America’s largest investment bank, onto the XRP Ledger.

CSD BR, which operates regulated registration, securities-depository, and settlement systems in Brazil, will use the public blockchain as a second record of who owns shares in selected BTG Pactual investment funds, according to a release shared with CoinDesk.

A depository keeps the official list of who owns which securities.

When an investor buys into a fund, the depository updates its records, while the banks acting for investors keep their own books and regularly check them against the depository’s to make sure they match.

That matching work, known as reconciliation, is slow and costly, and a mismatch can hold up a trade.

The existing CSD BR database remains the official record used for registration, custody and settlement, and the assets registered with CSD BR are not being moved onto XRP Ledger.

Fund shares deposited with CSD BR will also be represented as tokens on XRPL.

Read More: Brazil’s securities regulator sets up task force with 60-day deadline for tokenization proposal Approved banks and companies can read that blockchain copy directly and check it against CSD BR’s database at any moment, instead of comparing their own books after the fact.

Every change on XRP Ledger is publicly recorded, including any reversal CSD BR makes, so a gap between the two records would be visible.

Many banks and depositories have experimented with private blockchains open only to invited members.

Analiz: Piyasa hareketliliği devam ediyor.