invezz.com
Ripple is stepping up its presence in Brazil as it broadens its digital asset services and prepares to enter the country’s formal crypto regulatory system.
The payments-focused blockchain firm said Tuesday it is rolling out an expanded suite of offerings designed for banks and fintechs, while also planning to apply for a Virtual Asset Service Provider licence with the Central Bank of Brazil.
The move places Ripple at the centre of Brazil’s evolving crypto framework, where regulators are building structured oversight for digital asset firms.
By combining payments, custody and trading tools into one system, the company is positioning itself as a full-service infrastructure provider for financial institutions operating across borders, particularly in fast-growing emerging markets.
Brazil crypto framework focus
Ripple confirmed it will seek a Virtual Asset Service Provider licence with the Central Bank of Brazil, aligning its operations with the country’s new crypto regulations.
The framework is expected to bring clearer rules for custody, trading, and cross-border digital asset flows.
Brazil has emerged as one of Latin America’s most developed financial markets, with strong fintech adoption and regulatory engagement.
Ripple’s expansion reflects a broader industry trend of firms moving towards regulated environments as governments formalise crypto oversight and tighten compliance requirements.
Bundled payments and custody tools
The company’s new offering combines cross-border payments, digital asset custody, brokerage services and treasury management into a single platform.
This integrated system is aimed at institutions that need to move funds internationally while managing liquidity and holding digital assets.
Ripple said the approach reduces operational complexity by allowing banks and fintechs to access multiple services within one infrastructure layer.
It removes the need to rely on separate providers for payments, trading and storage, improving efficiency and settlement speed.
Brazil partners and stablecoin flows
Several Brazilian financial firms are already using Ripple’s network, including Banco Genial, which handles same-day US dollar transfers through the system.
Braza Bank is using it for foreign exchange flows and has issued a real-backed stablecoin on the XRP Ledger.
Fintech Nomad and other firms are also moving funds between Brazil and the US, settling transactions using stablecoins.
Ripple is simultaneously expanding its custody solution, with partners such as CRX and Justoken issuing tokenised assets, including commodities and other real-world assets, reflecting growing institutional demand.
Global expansion and acquisitions
The Brazil push comes alongside Ripple’s broader global expansion strategy.
The company has been building out its trading and infrastructure capabilities through acquisitions, including the $1.25 billion purchase of prime brokerage Hidden Road and a $1 billion deal for corporate treasury firm GTreasury.
Ripple also issues a US dollar stablecoin, RLUSD, which has reached a market value of about $1.5 billion and is managed through its custody division.
Across its payments network, the firm said it has processed more than $100 billion in transactions.
More recently, Ripple launched a share buyback programme that valued the company at $50 billion, underscoring its scale as it expands services across regulated markets and deepens its institutional client base.