Brazil's $4T Fund Operator Mirrors Investment Records on XRP Ledger

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A regulated Brazilian financial operator has begun recording investment fund ownership data on the XRP Ledger (XRPL). The initiative covers selected investment funds and reflects a broader move toward blockchain-based record management. However, the operator's existing internal database remains the official and authoritative record. The XRPL is being used as a mirroring layer rather than a replacement for the primary system. The development marks a significant institutional adoption of blockchain technology in Brazil's financial sector, which oversees approximately $4 trillion in assets.

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