Ripple Partners With Brazilian Institutions to Expand Payments and Custody Services – Crypto News Flash

• Ripple has announced expansion in Brazil through local financial firms as it prepares to file a VASP license with the central bank.
• The company’s rollout includes custody, stablecoin access, and institutional tools, with CRX and Justoken adding support for tokenized asset activity.

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Ripple is making strides in Brazil with new alliances with local lenders and fintech firms. The California company is working with institutional clients on cross-border payments, digital asset custody, stablecoin support, and prime brokerage. Brazil has become a frontier of digital finance as blockchain adoption in Latin America surges. 

Ripple’s payments business has processed more than $100 billion globally and now covers over 60 markets. The Brazilian partners are using the company’s network for institutional functions such as same-day US dollar payouts, treasury transfers between Brazil and the United States, stablecoin conversion into fiat currencies, and cross-border settlement.

The group includes Banco Genial, Braza Bank, Nomad, Azify, ATTRUS, and Frente Corretora. Likewise, Braza Bank has also issued its BBRL stablecoin on the XRP Ledger, and Banco Genial is adding RLUSD to its crypto payment flows.

The firm plans to apply for a Virtual Asset Service Provider license with the Central Bank of Brazil. The planned application follows Brazil’s new regulatory framework for virtual assets. This step is part of Ripple’s compliance-based strategy and its long-term plans for the Brazilian market.

Earlier, CNF reported that Ripple expanded its payments network in North America through a partnership with i-Payout. The integration brings Ripple Payments into i-Payout’s platform for real-time cross-border payouts to the United States and Canada. 

Brazilian Firms Adopt Ripple Custody and RLUSD

Ripple’s custody services in Brazil will target regulated institutions seeking secure digital asset storage with in-built compliance controls. The service includes transaction screening through Chainalysis and Elliptic and supports staking for proof-of-stake networks.

CRX is one of the firms using Ripple Custody in Brazil, and has settled nearly $100 million on the XRP Ledger. Justoken has tokenized more than $1.7 billion in assets on the XRP Ledger. Justoken will also use the custody product to support tokenized natural resource assets across Latin America.

Ripple’s RLUSD stablecoin is also gaining wider use in Brazil and other parts of Latin America, pushing its market capitalization past $1.5 billion. RLUSD provides institutions with access to a regulated dollar-backed stablecoin for settlement and liquidity needs.

The Brazilian institutions can also access Ripple Prime and Ripple Treasury. Ripple Prime, built after the acquisition of Hidden Road, offers foreign exchange, digital assets, derivatives, and fixed income services. The platform cleared more than $3 trillion in 2025 and now offers these contracts for 24/7 trading, hedging, and risk management.

This month, CNF covered Ripple’s addition of Coinbase Derivatives’ BTC, ETH, SOL, and XRP futures to Ripple Prime. It gives institutional clients access to CFTC-regulated crypto futures through Nodal Clear in the United States.